MERIDIAN CAPITAL GROUP ARRANGES $2.7MM IN FINANCING FOR HARRISBURG, PA MULTIFAMILY PROPERTY
Harrisburg, PA - Meridian Capital Group recently arranged $2,700,000 in financing for the Quail Run Apartments located in Harrisburg, PA. The property contains a total of 89 residential apartments and is located at 4001 Rawleigh Street. Russ Drebin and Steven Halpert of Meridian's New Jersey office negotiated on behalf of the borrower to secure a 15-year self-liquidating mortgage at a rate of 6.25%.
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 2,250 transactions in 2009, totaling over $11.5 billion.
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