Weinberg, Gervis, and Sutton of Meridian Capital Group negotiate $100 million

May 07, 2019 - Front Section
Jeff Weinberg,
Meridian Capital Group

 

Rael Gervis,
Meridian Capital Group

 

Richard Sutton,
Meridian Capital Group

 

Manhattan, NY Meridian Capital Group arranged $100 million in financing to refinance 90 Broad St., an office building, on behalf of Princeton International Properties.

The loan, provided by a balance sheet lender, was negotiated by Meridian executive vice president Jeff Weinberg, senior managing director, Rael Gervis, and vice president, Richard Sutton.

Located in Manhattan’s Financial District, 90 Broad St. stands 25 stories tall, spans a total of 413,000 s/f and is 97% occupied. The building also contains several ground floor retail tenants, including Café Grumpy, Potbelly Sandwich Shop, Just Salad, Five Iron Golf, and Dunkin Donuts. The property is accessible via transportation options, including the 2, 3, 4, and 5 subway trains at the Wall Street and Bowling Green Stations and is close to the West Side Highway and FDR Dr.

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