Marinette, WI - Meridian Capital Group recently arranged $4,500,000 in financing for an owner occupied industrial building located at 3100 Woleske Road. The property contains one building with a total of 250,000 square feet. Jim Bologno of Meridian’s New Jersey office negotiated on behalf of the borrower to secure a 15-year self-liquidating loan with a rate of 6.375%.

“Given the tumultuous state of the market right now, financing this property type was extremely challenging”, says Bologno. After being turned down by numerous lenders, Bologno was able to negotiate the loan and it’s terms with a medium sized life insurance company.

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.