MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR CHICAGO, IL MULTIFAMILY PROPERTIES
Chicago, IL - Meridian Capital Group recently arranged $3,280,000 in financing for a multifamily building located at 1441 W. Howard Street. The property consists of a total of 62 apartments. Its prime location is one block from lake Michigan in the rapidly appreciating East Rogers Park neighborhood. Tannie Schnell of Meridian’s Illinois office negotiated on behalf of the borrower to secure a 5-year term mortgage with a rate of 5.13%.
Chicago, IL - Meridian Capital Group recently arranged $2,925,000 in financing for two multifamily buildings located at 6810 N. Lakewood Avenue and 3915 N. Fremont Avenue. The properties consist of a total of 51 apartments and are in a prime location near Chicago's spectacular Lake Shore. Gershon Friedman of Meridian’s Illinois office negotiated on behalf of the borrower to secure a 5-year term mortgage with a rate of 5.33%.
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, California and Texas. 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 2,350 transactions in 2007, totaling over $16.5 billion.
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