27 Whitehall Street - Manhattan, NYManhattan, NY Meridian Capital Group has arranged $4.1 million in permanent financing for the refinance of an office property in the Financial District.
The seven-year loan, provided by a balance sheet lender, features a competitive fixed-rate of 3.58%. This transaction was negotiated by Meridian associate, David Oheb who is based in the company’s New York City headquarters. Adam Dressler and Benjamin Oheb of Dressler Law served as the borrower’s legal counsel.
David Oheb, Meridian CapitalThe eight-story, 14,830 s/f corner office property is located at 27 Whitehall St. in the Financial District, one of the most significant business hubs in the world. The building is within two blocks of the 1, 4, 5, N, Q, and R subway lines, the Staten Island Ferry and is a short walk to ferry service at Pier 11 / Wall St. The property is also situated directly across the street from Meridian Capital Group’s headquarters.
“Lenders showed tremendous interest in the refinance of this asset, given its prominent location, low-leverage, and sponsor strength,” said Oheb. “Meridian recognized the competition amongst lenders for this property and negotiated a below market 3.58% fixed rate for seven years. Additionally, I’ve had my eye on this property since the day I joined Meridian and because our offices face the 27 Whitehall St., this became a memorable transaction for our whole team.”
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