Anderman of Meridian arranges $592 million in acquisition financing

New York, NY Meridian Capital Group, one of America’s most active debt brokers, negotiated a $592 million loan for the purchase of 24 multifamily properties on behalf of Blackstone Real Estate Partners VIII and Fairstead Capital. The five-year loan, provided by a balance sheet lender, features a LIBOR-based floating-rate and interest-only payments for the full term. This transaction was negotiated by senior managing director, Drew Anderman, who is based in the company’s New York City headquarters. The portfolio totals 979 units with properties located throughout the Upper East Side, Chelsea, Midtown West, Midtown South and Murray Hill neighborhoods of Manhattan. “I want to thank Drew Anderman and his team at Meridian Capital for their hard work and creativity in securing the financing for this acquisition, which we believe is one of the larger purchases of multifamily assets in New York City this year,” said Will Blodgett, principal of Fairstead Capital.