MERIDIAN CAPITAL ARRANGES FINANCING FOR MULTIFAMILY COMPLEX
BILOXI, MISS. — Meridian Capital Group has arranged an $18.9 million loan for the acquisition of Oak Grove Apartments in Biloxi. Terms of the fixed rate loan include a seven-year term and three years of interest only non-recourse. Seth Grossman and Brad Gladsden of Meridian’s Florida office negotiated the deal. The property consists of 23 buildings and 244 units.