Orman of Meridian arranges $2.6 million in financing to refinance Greenwich Village property

 

 

Manhattan, NY Meridian Capital Group arranged $2.6 million in financing to refinance a multifamily property located in in the Greenwich Village neighborhood.

The five-year balance sheet loan features a competitive fixed rate of 3.25%. This transaction was negotiated by Meridian associate, Blake Orman.

20 West 9th St., is a four-story, six-unit apartment building in Greenwich Village, one of the borough's neighborhoods. Built in 1900, the pre-war townhouse was recently restored with apartments featuring spacious living rooms, original hardwood floors and classic tall townhouse windows. Situated on a tree-lined block, off of Fifth Ave., the property offers access to the A, C, E, B, D, F, M, L, 1, 2 and 3 subway lines and is near Washington Sq. Park. 

“Thanks to Meridian's long-term lender relationships, we were able to structure a loan that allowed the client flexibility to prepay the loan after the fourth year with no penalty,” said Orman. “The loan also provided the client with additional proceeds in order to make improvements to the property.”