Fullerton, CA — Meridian Capital Group, LLC has arranged acquisition financing for AG/FSRP Briarhill, L.P., a partnership involving Angelo Gordon & Co. and James Brooks of Fifth Street Realty Partners, Inc. in the amount of $9,078,000 and collateralized by Briarhill Apartments, a 128-unit multifamily property located in Orange County, CA. Managing Director Alex J. Katz of Meridian's Los Angeles office negotiated the 5-year non-recourse term via FNMA DUS provider Beech Street Capital, and secured a 4.79% fixed interest rate. "In today's volatile environment, certainty of execution and speed are vital, especially involving an off-market acquisition," said Katz. "The team we lined up at the outset, from third-party vendors to underwriters ensured the collaborative success of this transaction," he added.

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.