MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR WEST CHESTER, PA MULTIFAMILY PROPERTIES
West Chester, PA - Meridian Capital Group recently arranged $6,400,000 in financing for the Town Edge Apartments located at 532 West Marshall Street and the Bradford Hall Apartments located at 201 North Bradford Avenue. Both buildings combined boast a total of 113 residential units. Russ Drebin of Meridian’s New Jersey office negotiated on behalf of the borrower, Halfpenny Management Company, to secure a rate of 5.54% over a 10-year term mortgage.
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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