TODAY’S DEALS: Meridian Capital Arranges Acquisition Financing of Over $9M, and Other Transactions
By Anuradha Kher, Online News EditorCamarillo, Calif.–Meridian Capital Group has arranged acquisition financing of $9,750,000 for Mountain View Apartments, located at 659 N. Las Posas Road. Meridian’s Los Angeles office negotiated the non-recourse, 6.36 percent fixed interest rate for 10-years via a Freddie Mac Program/Plus Lender utilizing its Capital Markets Execution (CME) program. Built in…
By Anuradha Kher, Online News EditorCamarillo, Calif.–Meridian Capital Group has arranged acquisition financing of $9,750,000 for Mountain View Apartments, located at 659 N. Las Posas Road. Meridian’s Los Angeles office negotiated the non-recourse, 6.36 percent fixed interest rate for 10-years via a Freddie Mac Program/Plus Lender utilizing its Capital Markets Execution (CME) program. Built in 1980, Mountain View Apartments offers 106 units in a two- and three-story garden-style community. Arbor Closes $2,400,000 Fannie Mae DUS LoanPhiladelphia–Arbor Commercial Funding LLC recently completed funding of a $2.4 million loan under the Fannie Mae DUS Loan product line for the 68-unit property known as Treeview Manor in Philadelphia. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.72 percent.
