F inancial D igest T he L ender ’ s D irectory
Mid Atlantic Real Estate Journal — November 8 - 21, 2013 — Section B
www.marejournal.com
xton, PA — Merid- ian Capital Group, LLC , a commercial E On behalf of The Klein Company for the refinance of the Thomas Meeting Apts. located in Exton, PA Cohen and Beyderman of the Iselin, NJ office of Meridian Capital Group arranges $37.5 million
was negotiated by Meridian Capital Group senior vice president, David Cohen , and senior loan officer, Max Beyderman , who are both located in the company’s Is- elin, NJ office. The Thomas MeetingApart- ments is located on 47 rolling acres at 279 Lindenwold Drive and contains 32 two-story garden apartment buildings totaling 278 units. Commu- nity amenities include a fit-
between King of Prussia and Wilmington and is nearby to regional shopping malls as well as the historic areas of Valley Forge, Brandywine and Chadds Ford. “Meridian was able to ne- gotiate favorable terms and a very competitive interest rate based on the strength and track record of the bor- rower, the remarkable quality of the asset, and significant demand by lenders for quality multifamily loans,” said Mr. Cohen. “We are honored to have represented The Klein Company again and look forward to working on future assignments on behalf of this prestigious firm,” Mr. Beyder- man added. n
real estate finance and advi- sory firm, negotiated a $37.5 million mortgage to refinance the Thomas Meeting Apart- ments located in Exton on be- half of The Klein Company. The seven-year balance sheet loan features a com- petitive fixed-rate of 3.25% and one year of interest-only payments. This transaction
November 8 -21, 2013
Thomas Meeting Apartments
ness center, playground and tennis courts. In addition to providing a terrific quality of life for residents, the property
is located minutes from the Pennsylvania Turnpike, close to major corporate centers along the Route 202 corridor
HI-LIGHTS
21,800 s/f with financing based on a 10-year term NorthMarq finalizes $2m acquisition for Public Welfare Building in Easton
Capital Commercial REGroup finalizes $6.05 million sale
Capital Commercial Real Estate Group announced that the company has com- pleted the $6.02 million sale of 1265 Wilmington Pike In West Chester, PA. See page 3B.
GHP Office Realty acquires 25,000 s/f shopping center
GHP Office Realty has recently acquired 120 New Canaan Avenue, Norwalk CT as part of a 1031 like kind tax exchange. See page 6B.
ALSO INSIDE:
P amela A. M ichaels ................................................. 2B
Lender’s Directory.........................................14-17B
Public Welfare Building
S outhern NJ AI O rganization ........................18-19B
EASTON, PA — Philip Deeter , managing director of NorthMarq ’s Philadelphia re- gional office, arranged acqui- sition financing of $2 million
for the Public Welfare Building in Easton. This single tenant office building contains 21,800 s/f with financing based on a 10-year term and a 25-year
amortization schedule. North- Marq arranged the financing for the borrower through its relationship with a regional credit union. n
www.marejournal.com
Made with FlippingBook - Online magazine maker