REBusinessOnline

MERIDIAN CAPITAL GROUP ARRANGES $6.4 MILLION FOR APARTMENT COMPLEX

HOUSTON — Meridian Capital Group, a multifamily and commercial real estate mortgage brokerage, has arranged $6.4 million in financing for the SunBlossom Cottages on behalf of the borrower, Stone Mountain Properties. The property, which is located at 10300 Harwin Dr. in Houston, is a two-story, garden-style apartment complex with 253 units. Abe Schonfeld of Meridian Capital Group’s New Jersey office negotiated the 5.5 percent rate over a 10-year term on behalf of the borrower.

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