Mid Atlantic Real Estate Journal — July 7 - August 16, 01 — 3A
www.marejournal.com
M id A tlAntic R eAl e stAte J ouRnAl For Multifamily Properties in NJ, PA, MD and DE Meridian Capital Group, LLC negotiates $.m in financing I
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SELIN, NJ — Meridian Capital Group, LLC, a national commercial real estate finance and advisory firm, announced the following transactions: Meridian negotiated a new mortgage in the amount of $10.5 million on Cricket Court Commons, a 228-unit garden apartment complex located on West ManheimSt. in Philadel- phia, PA. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Ben Brown and David Cohen. A new mortgage of $8.8 million was placed by Merid- ian on the Colony House at Rivers Edge in Red Bank, NJ. The property, located on North Riverside Avenue, is a beautiful seven-story, 65,000 s/f, 68-unit multifamily build- ing. The loan features a rate of 3.38% and a five-year term. The transaction was negoti- ated by Israel Schubert and David Cohen. Meridian negotiated a new mortgage of $1.275 million on two, four-story walkup multifamily buildings total- ing 27 units on Park Ave. in West New York, NJ. The loan
M. MILLER & SON Public Adjusters Since 1960
1211 Liberty Ave., Hillside, NJ 07205 � Tel: 908-355-4800 adjuster@mmillerson.com � www.mmillerson.com
Colony House at Rivers Edge
Recent Financings Arranged By Meridian Capital Group
features a rate of 3.99% and a seven-year term. The transac- tion was negotiated by Elliot Treitel. A new mortgage in the amount of $2 million was placed by Meridian on North Street Commons, a townhouse multifamily complex contain- ing nine units located on Wil- bur Street in Newark, DE. The loan features a rate of 3.81% and a seven-year term. The
transaction was negotiated by Emil DePasquale. Meridian negotiated a new mortgage of $2.6 million on Lawrence Apartments, a 48- unit garden apartment mul- tifamily complex on Cres- cent Drive in Greenbelt, MD. The loan features a rate of 4.39% and a 10-year term. The transaction was negotiated by Shimshie Tepper and Barry Lefkowitz. n
Hunters Glen 1,124 Units $49,000,000 Delran, NJ
Steward’s Crossing 241 Units $27,200,000 Princeton, NJ
OFFER DEADLINE: OCTOBER 5, 2012 6 Waterfront Industrial Properties * Florida * New Jersey * Maryland Act Now! BANKRUPTCY SALE Subject to Bankruptcy Court Approval
Millville, NJ 234,013 Sq. Ft. on 19.20 Acres
Salisbury, MD 10 & 20 Acres of Industrial Land
West Creek Village 306 Units $16,000,000 Elkton, MD
Woods at Narraticon 150 Units $16,950,000 Deptford, NJ
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