Meridian Capital Group has negotiated a $17 million loan for the refinance of an office and retail property on behalf of 1000 Sixth Ave. LLC.
The seven-year loan, provided by a regional balance sheet lender, features a competitive fixed-rate of 4% and a five-year extension option. This transaction was negotiated by Meridian managing director, Scott Assouline, and vice president, Jacob Nefoussi, who are both based in the company's New York City headquarters.
The four-story commercial property, located at 1000 Sixth Ave., totals 12,830 s/f of office space and 3,550 s/f of retail space. Notable tenants include The Picnic Basket and a fast food restaurant. Tags: