Shelby and Sabesan of Meridian negotiate $30 million to refinance mixed-use property

Meridian Capital Group, a leading national commercial real estate finance and advisory firm, negotiated a $30 million loan for the refinance of a mixed-use property located in on behalf BLDG Management. The five-year loan features a competitive fixed-rate of 2.85% and was provided by a regional balance sheet lender. This transaction was negotiated by Meridian Capital Group managing director, Carol Shelby, and vice president, Dani Sabesan, who are both based in the company's New York City headquarters. The property, located at 330 Bleecker St., totals 199 apartments and 3,800 s/f of retail space. The West Village location, offers easy access to numerous subway lines and many popular restaurants as well as tree-lined blocks and a short trip to the Hudson River Park. "Meridian leveraged our unique relationship with the lender to have the prepayment penalty waived and close the transaction in a short 30-day timeframe," said helby.