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Meridian Capital Arranges $51.6M Acquisition Loan for Houston Apartments

Lakeview-Estates-Houston

Meridian Capital placed the loan for Lakeview Apartments and Estates, two multifamily assets totaling 566 units in Houston.

HOUSTON —New York City-based Meridian Capital Group has arranged a $51.6 million acquisition loan for Lakeview Apartments and Estates, two multifamily properties in Houston totaling 566 units. Both properties offer resort-style pools, fitness centers and nearby jogging trails. Zev Karpel of Meridian Capital Group arranged the loan, which featured a 12-year term, a 4.89 percent interest rate and a 30-year amortization schedule, through Capital One on behalf of the borrower, Marlin Spring Investments.

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