Meridian Capital Arranges $53M Acquisition Loan for Apartment Community Near New Haven

by David Cohen

HAMDEN, CONN. — Meridian Capital Group has arranged $53 million in acquisition financing for an apartment community in Hamden, six miles north of New Haven. The 10-year loan features a fixed rate of 4.49 percent with five years of interest-only payments followed by a 30-year amortization schedule. Shaya Ackerman and Shaya Sonnenschein of Meridian arranged the financing with the sponsor, GM Equities. Located at 676 Mix Ave., Broadmoor Apartments consists of 468 units spread across six, six-story buildings. Amenities include a clubhouse, fitness center, resort-style pool, tennis court and picnic areas.

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