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UNION, N.J. — Meridian Capital Group has arranged $3 million in non-recourse funds for the refinancing of The Flagship, a 40,000-square-foot retail property in Union. Located along Route 22, the single-tenant property is occupied by P.C. Richard & Son. Terms of the loan include a 10-year term, a 30-year amortization schedule and a 6 percent fixed rate. Jay Bidnick of Meridian's New Jersey office negotiated the loan on behalf of the borrower, Flagship Associates LLC. The lender was not disclosed.