MERIDIAN ARRANGES $35 MILLION FOR TWO OFFICE PROPERTIES
NEW YORK CITY — New York City-based Meridian Capital Group has arranged $35 million for two Manhattan office buildings. First, Meridian secured $25 million for the refinancing of the St. James Building, a historic 16-story office building located at 1133 Broadway. The building totals 154,660 square feet of rentable space and includes ground-floor retail space. Allan Lieberman of Meridian originated the financing on behalf of the undisclosed borrower. The loan carries a 5.75 percent fixed interest rate.
Additionally, Meridian secured $10 million in financing for 58 and 60-62 E. 11th St. The property totals 48,000 square feet and consists of two adjacent office/loft buildings with ground-floor retail space. Lieberman and Seth Grossman arranged the financing on behalf of the borrower. The loan also carries a 5.75 percent fixed interest rate.