MERIDIAN ARRANGES $250M LOAN FOR 310-UNIT MULTIFAMILY COMPLEX

NEW YORK CITY — Meridian Capital Group LLC has arranged a $250 million mortgage for the refinancing of the Aire multifamily property located at 200 W. 67th St. in New York City on behalf of 150 Amsterdam Avenue Holdings LLC. A national conduit lender provided the 10-year CMBS loan, which features a fixed interest rate of 5 percent. The Aire, located on the Upper West Side, is a 43-story, 310-unit multifamily property featuring numerous amenities including a private courtyard, an indoor children’s playroom and outdoor play area, an event deck, fitness center, conference room, on-site parking and a private park. Aaron Appel, managing director, Jeffrey Weinberg, executive vice president, and Michael Diaz, vice president at Meridian Capital Group, arranged the financing. Kasowitz, Benson, Torres & Friedman LLP represented 150 Amsterdam Avenue Holdings LLC in the transaction.