Ghazarian and Douek of iCap arrange $9m sale and $7m in financing

Harout Ghazarian and Zeev Douek, directors at iCap Realty Advisors of N.Y. have arranged both the sale and financing for the Hart St. Medical Center. Ghazarian and Douek advised the seller and purchaser, respectively. The 53,000 s/f medical-office property traded for $9 million (or an 8.5% capitalization rate). iCap negotiated a $7 million (78% loan-to-purchase price) acquisition loan for a term of five years for the purchaser.

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Meridian Capital Group arranges $29.65 million construction loan for single-family residential development

Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and