follow us:Google+ FacebookLinkedInTwitterRSS Feeds

advertisement

Meridian Capital closes mortgages in North and Central Jersey

By

Back to Top Comments Email Print

Latest News

    advertisement

    Meridian Capital Group, LLC, a commercial real estate finance and advisory firm with an office in Iselin, announced the following transactions in New Jersey:

    • A new mortgage of $25.5 million on a 1,053-unit multifamily portfolio located in East Brunswick, Washington, Chatham and Bloomfield. The loan features a rate of 3.55 percent and a 10-year term.
    • A new mortgage of $6.48 million for the purchase of a 66-unit multifamily building on Union Street in Hackensack. The loan features a 10-year term and a rate of 2.99 percent for the first five years, followed by a 3.99 percent rate.
    • A new mortgage of $2.2 million on a 26-unit multifamily building with two commercial units totaling 3,200 square feet on Raritan Avenue in Highland Park. The loan features a rate of 3.80 percent and a 10-year term.

    The firm also announced these transactions in Pennsylvania:

     

    • A new mortgage in the amount of $25 million on an 8-story, 141-unit multifamily property located at Nine N. 9th St. in Philadelphia. The loan features a rate of 3.375 percent and a seven-year term.
    • A new mortgage in the amount of $27 million on a 410-unit Vairo Village multifamily property located in State College, Pa.. The loan features a rate of 3.99 percent and a 10-year term.

    Share This Story On:

    Write to the Editorial Department at editorial@njbiz.com

    advertisement

    Comments


    Be the first to comment.



    Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

    Post Comment
         View Comment Policy

    Advanced search
    Sponsored by
    advertisement
      
      
    advertisement
      
      
    advertisement
    Back to Top