Adlerstein and Dobkin of Meridian Capital arrange $65 milllion in financing; purchase of industrial property on behalf of Raymour & Flanigan

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, negotiated a $65 million loan for the purchase of an industrial property, on behalf of Raymour & Flanigan, a premier furniture and home design store. The 10-year loan, provided by a CMBS lender, features a competitive fixed-rate of 4.57% and a 25-year amortization schedule. This transaction was negotiated by Meridian Capital Group managing directors, Ari Adlerstein, and Ari Dobkin, who are both based in the company's New York City headquarters. The industrial warehouse property totals 871,600 s/f and is located at 30 Dunnigan Dr. Tenants include Raymour & Flanigan and Par Pharmaceutical. "Meridian leveraged our long-standing relationships with the CMBS lending community to obtain competitive pricing for this industrial asset and see the transaction through a smooth process to closing," said Adlerstein.30 Dunnigan Drive - Suffern, NY