Iselin, NJ — Meridian Capital Group, LLC has secured $1,200,000 to refinance Bearmore Mobile Estates, a 72 unit manufactured housing property located on Route 35 in Wall Township, New Jersey. The 10-year self-liquidating facility carries a rate of 6.00%, and was negotiated by Meridian's Jim Bologno and financed by a local bank.

"Jim's diligence and professionalism secured the appropriate placement of this loan and resulted in a highly satisfied borrower," noted Israel Schubert, Managing Director of Meridian's New Jersey office.

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 $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, healthcare, student housing, self-storage, industrial, and construction properties.