MERIDIAN CAPITAL GROUP ARRANGES FINANCING FOR BEVERLY HILLS APARTMENTS

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MUSKEGON, MICH. — New York City-based Meridian Capital Group has arranged $2.7 million in financing for the Beverly Hills Apartments located at 415 Mitzi Dr. in Muskegon. The 138-unit apartment community houses 12 three-story buildings. Financing was based on a 10-year term mortgage at a rate of 5.88 percent. David Lesser in the New Jersey office of Meridian Capital Group negotiated on behalf of the borrower, Dodgson Southwell Properties.

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