Real Estate Journal — Owners, Developers & Managers — January 29 - February 11, 2016 — 19A
www.marejournal.com
M id A tlantic
O wners , D evelopers &M anagers For the Green Acres Homes multifamily property Meridian Capital arranges a $17.8millioncashout refinance
Western PA Target your Area Mid Atlantic Regional Commercial Real Estate Focus Promote your special projects, your company and it’s Services Feb 12 th Issue Deadline Feb. 4th Contact: Alissa Aronson Mid Atlantic Real Estate Journal Publisher/ Account Exec (M) 781-871-5298 ext. 210 (D) 781-878-7420 aaronson@marejournal.com
K
ingston, PA — Meridian Capital Group arranged a
$17.8 million cash out refinanc- ing for the Green Acres Homes multifamily property located in Kingston, on behalf of SDK Apartments . The seven-year loanfeatures a competitive fixed-rate of 3.75%, two years of interest- only payments followed by a 30-year amortization sched- ule and a five-year extension option. This transaction was negotiated by Meridian Capital Group managing director, Zev Karpel , VP , JudahHammer , and associate, Daniel Hofst- edter . n ULI Philadelphia presents dev. fo- rum Wilmington, DE — Hear about new and planned real estate development trends and investment activity in this competitive region with strengths in consumer-driven financial and legal services, governmental/politics, phar- maceuticals, “eds and meds” and more. Learn about significant op- portunities in entrepreneurial real estate from: Keynote Speaker: Jeffrey Flynn ,director, Office of Economic Development, City of Wilmington , on near- ly $650,000 in private and public investments underway. Louis Capano III , Princi- pal, Capano Management, LC Construction and LC Homes , developing luxury apartments in Claymont, Mid- dletown and the Avenue of the Arts on Wilmington’s river- front; as well as commercial sites including redevelopment of the Brandywine Country Club. Michael Hare , Senior VP of Buccini/Pollin Group (BPG) , developing the Resi- dences at Midtown Park, and Rockford Falls at the former Bancroft Mills site. Angela Tsionas-Matulas , Principal, Tsionas Manage- ment . Gregory Pettinaro , CEO, Pettinaro , which has ac- quired commercial properties in the Greenville area to add to its existing Greenville Place residential complex and other significant Delaware develop- ments. William Holloway , princi- pal, Bernardon , Moderator. n
MMSON_MidlanticRealEstate_B&W_2.24_Layout 1 2/24/15 2:09 PM Page 1 Green Acres Homes
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