Los Angeles, CA - Meridian Capital Group arranged permanent financing for a La Jolla-based undisclosed principal in the amount of $5,150,000 for a total of 58 multi-family units between two Southern California properties located at 1707-1759 Calle Jules in Vista and 1337 North Broadway in Escondido, CA. Managing Director Alex J. Katz of Meridian's Los Angeles office successfully negotiated the non-recourse rates, fixed at 5.78% for ten years.

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.