MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR QUINCY, MA MULTIFAMILY BUILDING
Quincy, MA - Meridian Capital Group recently arranged $3,700,000 in financing for a 4-story elevator apartment building located at 530 Willard Street. The property consists of a total of 41 units. Josh Gorsky of Meridian’s New Jersey office negotiated on behalf of the borrower, Willard Street Properties LLC, to secure a 10-year term mortgage with a rate of 5.66%.
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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