East Orange, NJ - Meridian Capital Group recently arranged $3,300,000 for the refinance of a 4-story multifamily building located in East Orange. The property contains a total of 36 residential apartments and is located on South Maple Avenue. Max Beyderman and David Cohen of Meridian's New Jersey office negotiated on behalf of the borrower to secure a 5-year permanent non-recourse loan with no interest reserves.

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.