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Brokerage
Posted: June 24, 2013
Wenger and Bologno of Meridian negotiate $18 million on behalf of Kaiserman Co.
Meridian Capital Group, LLC has negotiated $18 million in permanent financing on behalf of The Kaiserman Co. for the Meetinghouse Apartments & Townhouses multifamily property.
The 10-year balance sheet loan features a competitive fixed-rate of 3.53%. Meridian vice presidents Irwin Wenger and Jim Bologno, both based in the company's Iselin, N.J. office, negotiated this transaction.
The Meetinghouse Apartments & Townhouses are located at 3131 Meetinghouse Rd. and totals 245 apartment units and 122 townhomes.
"This transaction highlights Meridian's effective approach with lenders bringing a highly favorable deal to the table to win out over the client's existing relationships," said Wenger. "As an intermediary, our value is in knowing the market and providing our client with transaction terms that they cannot get elsewhere."
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