Kazanijian of Meridian Capital Group arranges $3.3 million in permanent financing

Meridian Capital Group, LLC negotiated a $3.3 million loan to refinance a mixed-use property on behalf of Solaris Properties LLC. The two-year loan, provided by Avant Capital Partners, features a fixed-rate and interest-only payments for the full term. The financing will be used by the sponsor to begin the execution of a value-add business plan for the asset. This transaction was negotiated by Meridian Capital Group Associate, Marko Kazanjian, who is based in the Company's New York City headquarters. The mixed-use property, located at 534 Flatbush Avenue, totals five residential units and 6,200 s/f of ground-level retail space. "Although this was Meridian's first transaction with Avant Capital Partners, the process was efficient and the client was very pleased with the outcome," said Kazanjian. "Additionally the transaction benefitted from Avant's ability to understand and underwrite the potential of this neighborhood and its significant upside," he added.