Real Estate Journal — Financial Digest — September 11 - 24, 2015 — 13A


M id A tlantic

F inancial D igest

Michael Maidhof joins company as senior vice president Meridian Capital Group arranges $15m in acquisition financing for multifamily property B OCA RATON, FL — Meridian Capital Group negotiated a

most recently held the role of Production and Sales Manager for the North- east Region. His tenure at Freddie Mac began in Au- gust 2007 as

writer analyst and associate and was focused on LIHTC transactions and servicing Freddie Mac loans. Maidhof holds a B.A. from SUNY Binghamton. “Over Mike’s eight years at Freddie Mac he has de- veloped extensive product knowledge and expertise that is truly second to none,” said Edelman. “I am thrilled to have a partner of Mike’s caliber at Meridian, and together, I look forward to quickly expanding the firm’s agency platform and capabil- ities nationally,” he added. n

$15 million mortgage for the purchase of the Berkshire Reserve multifamily property located in Naples, FL on be- half of Axonic Capital . The five-year loan, provided by a regional balance sheet lender, features a competitive fixed-rate of 3.125% and a flexible prepayment penalty. This transaction was nego- tiated by Meridian senior managing director, Israel Schubert , and vice presi- dent, Brad Beattie , who are based in the company’s Iselin, NJ and Boca Raton offices, respectively. Constructed in 2001, Berk- shire Reserve is a townhome- style community that totals 146 units and is located at 3536 Winifred Row Lane in Naples, FL. The prop- erty contains 37 two-story buildings situated on land- scaped grounds with a central lake and fountain. Property amenities include a swim- ming pool, large sundeck and lounge area, playground, barbeque grill, picnic area and carports. Berkshire Re- serve is in close proximity to Golden Gate Community Park which houses a fit- ness center, Olympic-sized pool with diving area and a children’s pool, baseball and softball fields, a soccer/ football field, tennis courts, basketball courts, racquetball courts, shuffleboard courts and a community center for other activities. “In addition to obtaining an aggressive 75% loan-to-value, non-recourse bank loan, Me- ridian was able to negotiate a prepayment penalty that declines to 1% in the event of sale at any point over the term of the loan,” said Beattie. NEWYORK, NY —Merid- ian Capital Group announced that Michael Maidhof joined the company as a se- nior vice president, reporting to senior managing director, Mike Edelman . Maidhof will be responsible for expanding Meridian’s agency origination and un- derwriting capabilities as well as sourcing and placing loans generated by Merid- ian’s newly-formed invest- ment sales platform. Maidhof joins Meridian from Freddie Mac where he

Michael Maidhof

an Underwriter Analyst from which he progressed to a Senior Underwriter in March 2012. Prior to Fred- die Mac, Maidhof worked for Hunt Mortgage Group (formerly Centerline) where he held the roles of under-

Berkshire Reserve

Commercial Real Estate Financing

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