MERIDIAN CAPITAL ARRANGES $10 MILLION LOAN FOR TAFT BUILDING

by admin

HOLLYWOOD, CALIF. — Meridian Capital Group has arranged $10 million for the refinancing of the Taft Building, a 12-story, 105,000-square-foot office building in Hollywood. Located at the intersection of Hollywood and Vine streets, the property was designed in the Renaissance Revival style and comprises more than 130 office tenants and 2 ground-floor retail spaces. The loan will be used for capital improvements, including restoration of the exterior façade and recapturing the main lobby entrance. Allan Lieberman of Meridian’s New York office negotiated the loan on behalf of the borrower, 1680 Vine Investment Company LLC.

You may also like