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Brokerage
Posted: January 5, 2016
Flax and Orman of Meridian finance $4 million for 755 Ninth Avenue
New York, NY Meridian Capital Group, one of America’s most active debt brokers, negotiated $4 million in financing for a mixed-use property.
The seven-year loan, provided by JPMorgan Chase, features a fixed-rate of 3.81%. This transaction was negotiated by Meridian managing director, Brian Flax and associate, Blake Orman, who are both based in the company’s New York City headquarters.
The five-story property is located at 755 Ninth Ave., in the heart of the Hell’s Kitchen/Clinton neighborhood. The building is composed of 20 apartments and 2,000 s/f of retail space.
“Meridian was able to utilize our existing lender relationships to secure a competitive seven-year loan that surpassed the market. This flexible loan, which closed in less than 60 days, provides the client with the ability to prepay part of the loan annually without penalty,” said Orman.
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