Meridian NJ office closes a $68M deal.
Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. Capital Group recently arranged financing totaling $68
million for the refinance Refinance
1. When a business or person revises their payment schedule for repaying debt.
2. Replacing an older loan with a new loan offering better terms.
Notes:
When a business refinances they typically extend the maturity date. of Creekside Apartments, a garden apartment
complex consisting of 172 buildings and a total of 1,026 units. Abe Katz
and David Fisher David Fisher is the name of: - David Andrew Fisher (film director, producer, writer, attorney) (born 1948)
- David Fisher (writer) (born 1929), script writer
- Dudu Fisher (born 1951), cantor and Broadway performer
, of Meridian's New Jersey office, negotiated this
transaction and were able to secure a rate of 5.11% with five years
interest only for a 10-year term. Creekside Apartments is located in
close proximity to many popular amenities, including the Franklin Mills Franklin Mills is an enclosed shopping mall located in northeast Philadelphia, Pennsylvania, bordering Bensalem in Bucks County and 15 miles outside Center City.[1] Mall, which houses over 200 retail stores, the Bensalem Country Club and
the Brookwood Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . The property is well located in Bensalem,
Bucks county, just north of Philadelphia.
Also closed in Meridian's New Jersey office was a loan of $15
million for the purchase of Addison Apartments, a two-story garden style
apartment building housing 449 units in Allentown, Penn. Abe Katz and
Russ Drebin worked to negotiate this transaction, securing a rate of
5.29% for a 10-year loan term.
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion