Today’s Deals: Meridian Capital Group Arranges $6.205M in Financing for Three Multifamily Projects, and Other Transactions
- Aug 08, 2008
By Anuradha Kher, Online News EditorChicago–Meridian Capital Group recently arranged $3,280,000 in financing for a multifamily building located at 1441 W. Howard St. in Chicago as well as $2,925,000 for two multifamily buildings located at 6810 N. Lakewood Ave. and 3915 N. Fremont Ave.The 62-unit property on W. Howard street is one block from Lake Michigan in the East Rogers Park neighborhood.The two buildings at 6810 N. Lakewood Ave. and 3915 N. Fremont Ave. consist of a total of 51 apartments.Raintree Villas Rental Community Sells for $2.2MTempe, Ariz.–Sperry Van Ness has completed the sale of Raintree Villas (pictured), a 24-unit apartment community, to Raintree 5 LLC, a Canada-based buyer for $2.2 million. The property is near the 202 and 101 highways and is one-half mile from Arizona State University (ASU). It is located at 1424 South Jentilly Lane in Tempe, Ariz.The seller financed the property for the buyer and the transaction.In 2007, capital improvements worth $200,000 were made to the property. Raintree Villas, which includes a pool and ample parking, features 16 two-bedroom/two-bathroom units and eight one-bedroom/one-bathroom units.17-Unit Rental Building Sells for $2.745MLos Angeles–Hendricks & Partners recently arranged the sale of a 17-unit apartment community at 1746 North Kingsley Ave. (pictured) in Los Angeles for $2,745,000.1746-1750 1/2 North Kingsley Dr. LLC of Los Angeles sold the building to 1746 N. Kingsley LLC.