Baltimore, MD - Meridian Capital Group recently arranged $1,815,000 for the acquisition of 2607-2625 Belvedere Avenue in Baltimore. The Belvedere Garden Apartments consist of 5 garden style apartment buildings with a total of 54 residential units. Josh Gorsky of Meridian's New Jersey office negotiated on behalf of the borrower to secure a non-recourse10-year fixed term at a rate of 5.83%.

The Belvedere Garden Apartments have been recently renovated to include updated kitchens, bathrooms, new hardwood flooring and upgraded air conditioning systems. This unique shaped apartment complex consists of a beautiful centrally located courtyard with updated entryway, apartment units with balconies, one-site laundry facilities and tenant parking facilities.

This Metropolitan Baltimore property is centrally located with direct access to Interstate 83, which leads into the downtown Baltimore area as well as to Interstate 695. In addition, public transportation is in close proximity to the property.

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 and California. 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 2,250 transactions in 2008, totaling over $11.5 billion.