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Brokerage
Posted: September 13, 2022
Meridian arranges $20 million in financing to acquire 450 Union St., a residential development site
Brooklyn, NY Meridian Capital Group arranged $20 million in acquisition financing for 450 Union St., a mixed-use residential development site on behalf of The Principals of 2201 Union LLC, Tankhouse and MacArthur Holdings.
The loan was provided by a balance sheet lender and the transaction was negotiated by Meridian senior managing director, Adam Hakim, managing director, James Murad, and senior A-associate, David Baker, who are all based in the company’s New York City headquarters.
The prominent, canal-front site is located on the southeast corner of Bond Street and Union Street. Tankhouse and MacArthur Holdings have teamed up to create an all-star team that will together construct one of the premier multifamily buildings in Gowanus,” said Hakim.
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