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EDGEWATER, N.J. — Meridian Capital Group has arranged a $66 million loan on behalf of a funded managed by Cornerstone Real Estate Advisers LLC for the acquisition of St. Moritz Apartments in Edgewater. Built in 2005 by Fred Daibes, the 26-story luxury multifamily community offers 224 units at 100 Daibes Court. The property features a resort-style swimming pool, a coffee and juice bar, a spa with steam rooms and a fitness center. The seven-year loan, which was provided by NYS Teachers’ Retirement Systems, features a competitive fixed-rate and interest-only payments for the full-term. Abe Hirsch, Zev Karpel and Jacob Schmuckler of Meridian Capital’s New York City headquarters negotiated the transaction.