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Meridian Capital Group closes $11.9 billion in 2004.

Meridian Capital Group, one of the nation's leading commercial and multi-family mortgage brokers, has reached and all-time high in production, closing $11.9 billion in 2004 with over $4 billion in the pipeline for 2005.

The company has been recognized as the largest originator of loans for Fannie Mac's MFlexTM product through Independence Community Bank, whose parent entity holds an interest in Meridian.

Certainly, though much of their business remains in the northeast, Meridian's success is aided by the expansion of the company across the country.

Their New Jersey, Maryland, and Florida offices each brought in substantial numbers, and new offices were opened in Philadelphia, PA and Chicago, IL.

Currently, Meridian is working on opening an office in Los Angeles, CA, bringing them closer to having a national presence.

In addition to expanding outside of the New York headquarters, Meridian has worked to increase productivity within its office in lower Manhattan by expanding both its Capital Markets and Construction groups. "Our ability to continue growing at this rate is a direct result of our commitment to giving our clients the best possible service.

"We take pride in making sure that we are completely available to each client regardless of the number of transactions that we are handling," said Ralph Herzka, Meridian's president and chief executive officer.

"We also work hard to build and maintain our relationships with lenders which helps us to execute transactions proficiently. We've made a name for ourselves by making sure to understand the needs of both the borrowers and the lenders."

Today, Meridian is comprised of more than 150 underwriters, analysts and originators. "We are fortunate enough to be in a place where we feel confident that we can continue to serve our existing client base with the same quality of service they have always received, while we focus on gaining market share outside of the northeast," Herzka concluded.
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Title Annotation:Finance
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 2, 2005
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