MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR BACARA CONVERSION

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BOCA RATON, FLA. — Ronald Levine of Meridian Capital Group’s New York office has arranged financing in the amount of $49 million for the construction and conversion of Bacara located at 3201 Clint Moore Rd. in Boca Raton. The 224-unit, 388,792-square-foot luxury condominium complex will be amended to include the ground-up construction of 28 new townhomes. The developer, Ceebraid Signal Corp., is using a portion of the financing to convert the existing 224 units into luxury condominiums.

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