MERIDIAN CAPITAL ARRANGES $13 MILLION LOAN FOR TOWNHOUSE CONVERSION

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NEW YORK CITY — Meridian Capital Group has arranged a $13 million mortgage for the acquisition of a townhome located on East 72nd Street in New York. The borrower, Mink Development, plans to convert the six-story, 13,300-square-foot property at 39 East 72nd St. into a luxury residential building. Madison Realty Capital provided the two-year loan features a fixed-rate. Aggelos Sklavenitis of Meridian Capital Group arranged the financing.

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