12-22-17

12A — December 22, 2017 - January 11, 2018 — M id A tlantic

Real Estate Journal

www.marejournal.com

CAN YOUR DO THIS ? BROKER 10 - YEAR TERM $52 , 500 , 000 SENIOR CMBS + MEZZANINE FULL-TERM INTEREST-ONLY 82.5% LOAN-TO-VALUE

‘‘

The sponsor’s successful capital improvement program for 30% of the units allowed Meridian to demonstrate the upside potential to lenders and negotiate 82.5% loan-to-value permanent financing through a senior and mezzanine debt structure to provide funds for the renovation of the remaining units. ”

Riverview Landing at Valley Forge Eagleville, PA Luxury Multifamily Property 310 Units

Steven Halpert Senior Vice President

Meridian Capital Group 517 Route 1 South, Suite 4000 Iselin, NJ 08830 732.301.3200

MeridianCapital.com

MAREJ – CYBDT - $52.5MM – Riverview Landing – 12-8-17.indd 1

11/21/17 1:50 PM

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