Real Estate Journal — March 15 - 28, 2019 — 15A
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M id A tlantic
M id A tlantic R eal E state J ournal Property in Somerville, NJ developed by Weiss Props. Meridian Capital Group arranges $27.5m in financing
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“Weiss Properties did a fantas- tic job designing and construct- ing these luxury apartments, and the class-A appeal was very attractive to lenders.” Downtown Somerville is ide- ally positioned for profession- als, as the city offers direct access to major highways and is located within an hour from NYC. The area also offers residents access to a plethora of shopping centers and one of New Jersey’s highest-rated school systems. The county seat for Somerset County, Somerville has experienced a substantial economic and
population boom, with the city’s Main Street experiencing tremendous growth. The Ackerman Team’s mis- sion is to provide its clients with best-in-class service while advocating and adeptly negoti- ating on their behalves. With this approach, the team has closed hundreds of deals, aggre- gating to over $4 billion since it joined Meridian at the end of 2015. This accomplishment is a testament to the team’s ex- tensive capital markets knowl- edge, loyal lender and client relationships, and unparalleled professionalism.
OMERVILLE, NJ — Me- ridian Capital Group arranged $27.5 million
in financing to refinance The Cobalt, a multifam- ily property in Somerville on behalf of Weiss Prop- erties . T h e 1 2 -
Shaya Ackerman
year loan was negotiated by Meridian se- nior manag- ing director, Shaya Ack- erman , and senior vice p r e s i d e n t , Shaya Son- nenschein , who are both based in the company’s NYC HQ. Located at 70 Veterans Me- morial Dr. East in downtown Somerville, The Cobalt was built from the ground up by Weiss Properties and com- pleted in 2017. “This was a great deal with a great client,” said Ackerman. Shaya Sonnenschein apply to property owners that pay more than $30,000/annu- ally in real estate taxes for commercial properties, as we believe the limited uses for an attorney for a tax appeal are limited that one should be retained on a flat rate fee. We strive for your satisfaction. We will make sure no matter what county or municipality the property is located. We will assign you an appraiser that is experienced, well known in that area, that has an exceptional reputation were your property is located to get you the desired results you deserve. Our firm has been in busi- ness for over twelve years with both state licensed, certified, and general commercial and residential appraisers. Desig- nated MAI’s (Members of the Appraisal Institute), members of the IFA (Independent Fee Appraiser Association), as well as members of the ASA (Amer- ican Society of Appraisers) organization. Our commercial team typically has well over twenty years of experience. Christopher Allison is general manager andCerti- fied Residential Appraiser at NJ State Appraisers. Attention: NJ property owners . . . continued from page 2A
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