Chicago - Meridian Capital Group recently arranged financing in the amount of $5,085,000 for four multifamily properties located in Chicago. The properties together consist of 28 residential units and are located on W. Wrightwood, W. Warner, W. Addison/W. Patterson and W. Grace Avenues. Joseph Schwimmer of Meridian's Illinois office negotiated on behalf of the borrower to secure 5 and 10-year term mortgages with a rate of 5.65%. All of the buildings in this portfolio are located in prime Chicago markets and have been well maintained by the borrower.

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.