TODAY’S DEALS: Meridian Capital Arranges Over $5M in Permanent Financing for Two Properties, and Other Transactions
June 12, 2009
By Anuradha Kher, Online News EditorLos Angeles–Meridian Capital Group arranged a $5.4 million permanent financing for two properties totaling 64 multifamily units in Southern California.Meridian’s Los Angeles office represented the local undisclosed borrowers to secure 10-year fixed interest rates of 5.57 percent and 5.72 percent respectively. Arbor Closes $1,725,000 Fannie Mae DUS Small LoanKinston, NC.–Arbor…
By Anuradha Kher, Online News EditorLos Angeles–Meridian Capital Group arranged a $5.4 million permanent financing for two properties totaling 64 multifamily units in Southern California.Meridian’s Los Angeles office represented the local undisclosed borrowers to secure 10-year fixed interest rates of 5.57 percent and 5.72 percent respectively. Arbor Closes $1,725,000 Fannie Mae DUS Small LoanKinston, NC.–Arbor Commercial Funding LLC recently completed funding of a $1,725,000 loan under the Fannie Mae DUS Small Loan product line for the 84-unit complex known as Rouse Road Apartments in Kinston, NC. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.88 percent.
