Meridian Capital Group Negotiates $77.3 Million in Financing

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:

Meridian negotiated a new mortgage in the amount of $29,000,000 on the 2100 Parkway Apartments,a 124-unit luxury multifamily building located one block from historic Logan Square in Philadelphia, PA. The loan features a rate of 4.00% and a seven-year term. David Fisher and Scott Jackson negotiated this transaction.

A new mortgage of $25,000,000 was placed by Meridian on the Greenbriar Club Apartments, a 346-unit, three-story multifamily complex in Philadelphia, PA. The 20-acre property consists of nine, all brick buildings and 11,500 square feet of street level commercial space. The loan features a rate of 3.88% and a 10-year term. David Fisher and Scott Jackson negotiated this transaction.

A new mortgage of $12,500,000 was placed by Meridian on a 44,000 square foot office and retail building located at 80 River Street in Hoboken, NJ. The loan features a rate of 4.25% and a seven-year term. Emil DePasquale negotiated this transaction.

Meridian negotiated a new mortgage in the amount of $6,000,000 on the East Mountain Apartments, a 188-unit, two-story garden apartment complex in Wilkes-Barre, PA. The loan features a rate of 4.10% and a 10-year term. Russ Drebin negotiated this transaction.

A new mortgage of $4,750,000 was placed by Meridian on Alpine Village, a 132-unit, two-story garden apartment complex in Sussex, NJ. The loan features a rate of 3.95% and a seven-year term. Israel Schubert and David Cohen negotiated this transaction.

Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com