Joliet & Morris, IL - Meridian Capital Group recently arranged financing in the amount of $8,830,000 for three multifamily properties located in Joliet and Morris, IL. The properties together consist of 237 residential units and are located on Mabel Court in Morris, IL and Larkin Avenue in Joliet, IL. Joseph Schwimmer of Meridian's Illinois office negotiated on behalf of the borrower to secure all 10-year term mortgages with rates ranging from 5.63% to 5.79%. These well maintained properties were recently remodeled showing the borrowers great pride in ownership of them.

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.