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MERIDIAN CAPITAL GROUP ARRANGES CONSTRUCTION LOAN FOR RETAIL CENTER

LAS VEGAS — Meridian Capital Group has arranged a $13 million loan for a Los Angeles-based developer for the construction of an 84,239-square-foot shopping center in Las Vegas. Sherwin Aryeh of Meridian’s California office negotiated the loan, which has a rate of 2.25 percent plus LIBOR for an 18 month, interest-only term with a 6-month extension option. The project was 28 percent pre-leased with tenants, including Fresh & Easy, AT&T Mobile and Cici’s Pizza.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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