MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR WAVELAND, MS MULTIFAMILY PROPERTY
Waveland, MS - Meridian Capital Group recently arranged $9,258,500 in financing for the Oak Park Apartments. This multifamily property located at 2009 Waveland Avenue consists of 34 buildings with a total of 136 units. Jim Bologno of Meridian’s New Jersey office negotiated on behalf of the borrower,
Bruce Cope, to secure a 10-year term mortgage with a favorable fixed rate.
Founded in 1991, Meridian Capital Group LLC is one of the nation’s largest mortgage brokerages serving the multifamily and commercial real estate sectors. The company is based in New York City with additional offices in New Jersey, Pennsylvania, Maryland, Illinois, Florida, California and Texas. Working with a wide variety of lenders, Meridian finances transactions ranging from $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, healthcare, self-storage, industrial, and construction properties. Nationally, Meridian reported more than 2,350 transactions in 2007, totaling over $16.5 billion.
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