MERIDIAN CAPITAL ARRANGES $20 MILLION LOAN FOR 10-PROPERTY MF PORTFOLIO

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LOS ANGELES — Meridian Capital Group has arranged $20 million in permanent financing for a 10-property multifamily portfolio in Southern California. The 163-unit property recently underwent extensive renovations. Alex Katz of Meridian’s Los Angeles office negotiated the financing on behalf of the borrower, Los Angeles-based Capital Foresight LP. Terms of the non-recourse loan include a 5.75 percent fixed-rate interest for 5 years.

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