TODAY’S DEALS: Meridian Capital Arranges Over $8M in Financing, and Other Transactions
- Feb 19, 2009
By Anuradha Kher, Online News EditorJoliet and Morris, Ill.–Meridian Capital Group recently arranged financing in the amount of $8,830,000 for three multifamily properties located in Joliet and Morris, Ill. The two properties together feature 237 residential units and are located on Mabel Court in Morris and Larkin Avenue (pictured) in Joliet. Meridian negotiated on behalf of the borrower to secure all 10-year term mortgages with rates ranging from 5.63 percent to 5.79 percent.Arbor Closes $2.66M Fannie Mae DUS Small Loan Terryville, Conn.–Arbor Commercial Funding LLC recently completed funding of a $2,660,000 loan under the Fannie Mae DUS Small Loans product line to finance the 66-unit complex known as Quail Hollow Village in Terryville, Conn.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.42 percent.