CHICAGO — The Illinois office of Meridian Capital Group has arranged three loans totaling more than $5 million for three Chicago properties. First, Meridian’s Joseph Schwimmer secured a $2.25 million loan for a 22,980-square-foot mixed-use property located on the 3200 block of North Sheffield Avenue. The building contains 15 offices, 14 residential apartments and one retail space. The loan carries a 10-year term and a 5.72 percent interest rate. Meridian’s Gershon Friedman arranged a $1.6 million loan for an 80-unit multifamily property located at 4128 N. Clarendon Ave. The loan carries a 5-year term and a 5.95 percent interest rate. Finally, Meridian’s Tannie Schnell arranged a $1.2 million loan for a multifamily building located at 7010 N. Ashland Blvd. The loan carries a 5-year term and a 5.48 percent interest rate. The lenders and borrowers were undisclosed in all three transactions.
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