Crystal Lakes Apartments

Meridian Capital Group Arranges $25.5M CMBS Loan for Miami Gardens Apartment Complex

by John Nelson

MIAMI GARDENS, FLA. — Meridian Capital Group LLC has arranged a $25.5 million CMBS loan to refinance Crystal Lakes Apartments, a 491-unit multifamily community in Miami Gardens. The property is located at 2545 N.W. 207th St. near the Calder Race Track and Sunlife Stadium. Michael Brown and Brad Beattie of Meridian Capital Group’s Boca Raton office arranged the 10-year loan at a fixed 4,89 percent interest rate on behalf of the borrower, Ytech International. The loan features a 30-year amortization schedule and five years of interest-only payments.

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