MERIDIAN CAPITAL GROUP ARRANGES $14.12 MILLION IN FINANCING

CHICAGO — Meridian Capital Group has secured approximately $14 million for three multifamily loan transactions throughout Chicago. The first deal includes four buildings, located at 1530, 2319 & 2516 N. Kedzie Ave. and 2330 N. Spaulding Ave. The four buildings are part of a five-building, 283-unit portfolio. Gershon Friedman of Meridian negotiated on behalf of the borrower to secure a rate of 5.88 percent, non-recourse, for a 10-year term. The second deal is for a building, located at 6600 N. Glenwood Ave. that contains 18 residential units. Friedman also negotiated on behalf of the borrower to secure a rate of 5.57 percent for a 5-year term. The final deal is for two properties, located at 7800 Kedvale Ave. and 8026 Knox Ave. that total 18 residential units. Friedman secured a rate of 5.6 percent for a 10-year term.