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MERIDIAN CAPITAL GROUP ARRANGES $165M ACQUISITION LOAN FOR OFFICE PROPERTY

NEW YORK CITY — Meridian Capital Group has negotiated $165 million in first mortgage and mezzanine financing for the purchase of 1412 Broadway in New York. Renovated in 2012, the 24-story property offers 378,000 square feet of office space and 22,500 square feet of retail space. Current tenants include Jones New York, Escada, Outerstuff LTD and Provident Bank. David Hayum and Tal Savariego of Meridian Capital Group arranged the five-year balance sheet financing, which features a competitive floating rate.

Content Partners
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