MERIDIAN CAPITAL ARRANGES $100 MILLION LOAN FOR 110 FIFTH AVENUE

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NEW YORK CITY — Meridian Capital Group has arranged a $100 million mortgage for the refinancing of 110 Fifth Avenue in New York. Constructed in 1888, the 11-story, 176,000-square-foot office and retail building is occupied by H&M, Town Residential, Joe Fresh and Wellcare. The seven-year loan, which was provided by a regional balance sheet lender, features a 4.125 percent fixed rate and 2 years of interest-only payments. Avi Weinstock and Chaim Tessler of Meridian’s New York headquarters negotiated the loan for the borrower, Samson Management.

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