Four commercial properties in three states have all been financed by one New York-based company.
Meridian Capital Group, headquartered in Red Bank, announced today it arranged commercial mortgage financing for each of the properties.
Financing for a 160,000 square-foot office property in Tampa, Fla., was arranged for $12.5 million, Meridian reported. The loan has a 5.8 percent rate and a 10-year term.
Just across the peninsula in Ft. Lauderdale, a $1.0 million loan was secured for a 7,000 square-foot medical office building, another announcement said. That non-recourse note will carry a 6.75 percent rate over a 7-year term.
Meridian, a 16-year-old company, also reported it has arranged to finance a 150-unit co-op in New Jersey. The 10-year note on the 40-year-old building is at a 5.41 percent rate.
Another press release indicated Meridian set up $80.5 million in financing for a $180 million redevelopment in Ontario, Calif. The refurbished development includes residential units, retail space and a large central plaza for entertainment and special events.