MERIDIAN ARRANGES $10.1M ACQUISITION LOAN FOR KEY LARGO OFFICE BUILDING

KEY LARGO, FLA. — Meridian Capital Group LLC has arranged $10.1 million in acquisition financing for the Ocean Reef office property, located at 31 Ocean Reef Drive in Key Largo. Tenants at the office property include Bank of America, Northern Trust, The UPS Store and the local government. Noam Kaminetzky of Meridian Capital Group’s Boca Raton, Fla., office arranged the seven-year loan through a local portfolio lender on behalf of the borrower, a foreign sponsor. The loan includes a fixed interest rate of 3.95 percent and a 25-year amortization schedule.