$58 MILLION LOAN ARRANGED FOR BURNHAM CENTER IN CHICAGO

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CHICAGO — Meridian Capital Group has negotiated a $58 million loan for Burnham Center, a 22-story office building located at 111 W. Washington St. in Chicago. The 579,800-square-foot building is owned by the Harbor Group. Meridian arranged a $46 million first mortgage loan and a $12 million mezzanine loan to recapitalize the property's outstanding first mortgage note and preferred equity investment. Wells Fargo provided the senior loan, while Redwood Trust provided the mezzanine loan. Meridian's Ronnie Levine and Tal Savariego negotiated the transaction.

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