MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR BOSTON, MA MIXED-USE BUILDING
Boston, MA - Meridian Capital Group recently arranged $3,665,000 in financing for a mixed-use building located at 225-227 Newbury Street. The property consists of a total of 11 apartments and 4 commercial tenants. Shimon Weiner of Meridian’s New Jersey office negotiated on behalf of the borrower, Mount Vernon Company, to secure a 7-year term mortgage with a rate of 5.75%.
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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