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Brokerage
Posted: February 25, 2008
Weiner of Meridian finances $3.6 million for the 180-unit Windsor Place Apartments
Meridian Capital Group recently arranged $3.6 million in financing for the Windsor Place Apartments. The property contains three-story garden-style apartment buildings totaling 180 units. Windsor Place is located at 5607 Bear Rd. Â
Shimon Weiner of Meridian's New Jersey office negotiated on behalf of the borrower, Silver Street Properties, to secure a rate of 6% over a five-year term. Â
Founded in 1991, Meridian Capital Group LLC is one of the nation's largest mortgage brokerages serving the multifamily and commercial real estate sectors. The company is based in New York City.
Working with a wide variety of lenders, Meridian finances transactions ranging from $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, healthcare, self-storage, industrial, and construction properties. Nationally, Meridian reported more than 2,350 transactions in 2007, totaling over $16.5 billion.
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