MERIDIAN CAPITAL ARRANGES $10.7M LOAN FOR FLEX PROPERTY

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NEW YORK CITY — Meridian Capital Group LLC has arranged a $10.7 million loan for the purchase of an office and industrial property in Brooklyn. The four-story, 90,000-square-foot building is located at 168 Seventh St. The seven-year loan features a fixed interest rate of 3.9 percent. A regional balance sheet lender provided the loan. Shamir Seidman of Meridian Capital arranged the loan. Tenants at the building include the Mac Support Store and Aqua Design Group.

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