Meridian arranges $40m retail loan in 35 days.Meridian Capital Group recently arranged $40,000,000 in financing for the refinancing of ten retail properties totaling 150,040 s/f. Rael Gervis and David Rosenberg of Meridian's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office negotiated to secure a rate of 5.85% over a ten-year term. The loan will have a 10 year term with the first two-years interest-only followed by a 30 year amortization. The deal was closed in just 35 days. Some tenants of the buildings include Duane Reade Duane Reade is a chain of drugstores/convenience stores, primarily located in New York City. History Founded in 1960, the chain started with three stores, named after the location of the company's warehouse between Duane and Reade Streets on Broadway in lower Manhattan. , Family Dollar and Pay Half. Founded in 1991, Meridian Capital Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is one of the nation's largest mortgage brokers serving the multifamily and commercial real estate sectors. The company is based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with additional offices in New Jersey, Pennsylvania, Maryland, Illinois, Florida, and California. |
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