MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR KNOXVILLE, TN MULTIFAMILY PROPERTY
Knoxville, TN - Meridian Capital Group recently arranged $7,800,000 in financing for the Deane Hill Apartments. The property contains a total of 186 units, 369 parking spaces over 17 acres and is located at 7700 Gleason Drive. Israel Schubert and David Cohen of Meridian’s New Jersey office negotiated on behalf of the borrower, C.J. Lombardo Realtors, to secure a rate of 5.40% over a seven-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, 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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