REBusinessOnline

Meridian Capital Arranges $32M Acquisition Loan for 267-Unit Apartment Community in Metro Dallas

Azure Partners LLC will acquire the 267-unit Sorrel Fairview apartment community.

Azure Partners LLC will acquire the 267-unit Sorrel Fairview apartment community.

FAIRVIEW, TEXAS — Meridian Capital Group has arranged $32 million loan for the acquisition for Sorrel Fairview, a 267-unit, Class A multifamily community located at 351 Sugarloaf Trail in the Dallas metro of Fairview. The property features a clubhouse with lounge areas, game room, resort-style pool, fitness center and an on-site car washing service. Abe Hirsch, Moshe Majeski and Zec Karpel of Meridian Capital arranged the five-year loan with a 4 percent fixed interest rate and three years of interest-only payments, on behalf of New York-based Azure Partners LLC.

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