Birnbaum and Levine of Meridian arrange $127 million in financing; On behalf of Harbor Group for 1.264 million s/f Cleveland tower

Meridian Capital Group, LLC negotiated $127 million in mortgage financing on behalf of Harbor Group International for its class A office building located at 200 Public Sq. The 10-year CMBS loan was provided by J.P. Morgan Chase and features a competitive interest rate. The proceeds of the loan were used to refinance the property's existing CMBS financing. Meridian executive vice president, Aaron Birnbaum, and managing director, Ronnie Levine, both based in the company's New York City headquarters, negotiated the transaction. The 45-story, 1.264 million s/f office tower is located at 200 Public Sq., where it occupies the full block between Superior and Euclid Aves. at Fifth St. The property spans 2.75 acres and features an eight-story atrium and 757-space adjacent parking facility. "Meridian leveraged its strong relationships with the most active conduit lenders, as well as the strength of the sponsor, to generate significant financing interest in this well-leased, first-in-class property," said Levine. "We ultimately were able to obtain a highly competitive loan structure and craft a financing solution specifically tailored to Harbor Group International's business plan for the asset." Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com