Hoboken, NJ Meridian Capital Group arranged $28.4 million in permanent financing for the refinance of Marine View Plaza, a mixed-use property on behalf of Cammeby’s International.
The seven-year loan, provided by a regional balance sheet lender, features a competitive fixed-rate of 3.63% and a 30-year amortization schedule. This transaction was negotiated by Meridian senior managing director, Abe Hirsch, managing director, Zev Karpel, and vice president, Akiva Friend, who are all based in the company’s New York City headquarters.
Marineview Plaza, located at 1 and 2 Marine View Plaza, is composed of two 25-story buildings with 432 units and 9,760 s/f of office space.
The property is located one block from the Hudson River and has views of New York City as well as a roof-deck swimming pool.
Founded in 1991, Meridian Capital Group is America’s most active debt broker and one of the nation’s leading commercial real estate finance advisory firms. In 2015, Meridian closed over 3,900 loans totaling more than $35 billion in transaction volume with 210 unique lenders, equating to $135 million per business day. Since inception, the company has closed more than $240 billion in financing with the full complement of capital providers, encompassing local, regional and national banks, CMBS lenders, agency lenders, mortgage REITs, life insurance companies, credit unions and private equity funds. Meridian arranges financing for many of the world’s leading real estate investors and developers and the company’s expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed-use, industrial, healthcare, student housing and self-storage properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Florida and California.
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