Reseda, CA - Meridian Capital Group recently arranged financing in the amount of $3,375,000 for a 2-story multifamily apartment building consisting of 45 residential units located at 6905 Etiwanda Avenue. Alex J. Katz, Managing Director of Meridian's Los Angeles office successfully negotiated on behalf of his repeat borrower, Capital Foresight, LP, to secure a rate of 5.75% for a 5-year term.

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.