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Eckerd Plaza Loan Set
A New York-based commercial mortgage broker lined up a loan for a shopping center that will include a branch of CitiFinancial, an Eckerds store and a supermarket as tenants.


PRESS RELEASE


MERIDIAN CAPITAL GROUP ARRANGES $4 MILLION IN FINANCING FOR UPSTATE SHOPPING CENTER


AUBURN, N.Y. -- (May 9, 2007) Meridian Capital Group recently arranged financing in the amount of $4,000,000 for an 85,000 square foot shopping center located at 315 West Genessee Street.

The property is located near Syracuse and tenants include P&C Foods supermarket, Eckerd Drugs, Advanced Auto Parts, and CitiFinancial.

Shamir Seidman, Alan Friedman and Allan Lieberman of Meridian's New York office negotiated to secure a non-recourse 5 year term.


SOURCE: Meridian Capital Group LLC


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