Real Estate Journal —December 8 - 21, 2017 — 9A
www.marejournal.com
M id A tlantic
CAN YOUR DO THIS ? BROKER 10 - YEAR TERM $52 , 500 , 000 SENIOR CMBS + MEZZANINE FULL-TERM INTEREST-ONLY 82.5% LOAN-TO-VALUE
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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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