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.