NEW YORK CITY — Meridian Capital Group has arranged a land loan for 3 Hudson Boulevard on behalf of Meushar 34th Street LLC, an affiliate of The Moinian Group. Provided by a life insurance company, the two-year balance sheet loan features floating-rate, interest-only payments and three one-year extensions. Located at 400 11th Ave. in the Hudson Yards district, 3 Hudson Boulevard is a 46,634-square-foot development site. The borrower plans to develop a 1.8 million-square-foot, mixed-use property on the site featuring office space, as well as sustainable residential units. Dan Kaplan of FXFOWLE designed the tower, which is slated to obtain LEED Platinum certification. Drew Anderman and Alan Blank of Meridian Capital Group negotiated the transaction.
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