Meridian arranges two deals totaling $23.5 million

Meridian Capital Group recently arranged a $1 million refinancing of the 80-unit, three-story Parc One Apartments. Jim Bologna of Meridian's New Jersey office secured borrower Parc One LLC a 10-year fixed-term loan with a 30-year amortization at a rate of 5.38% through a local portfolio lender. Meridian also recently arranged $22.5 million for the refinance of a large Rockland County multifamily property. The property consists of over 350 residential units. Israel Schubert of Meridian's New Jersey office negotiated with a portfolio lender to secure the borrower a non-recourse, 10-year fixed term loan with 30-year amortization schedule at a rate of 5.625%.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.