MERIDIAN SECURES $9.5 MILLION RETAIL LOAN

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MARLTON, N.J. — New York City-based Meridian Capital Group has secured $9.5 million in financing for a 154,000-square-foot retail center located at 101 S. Route 73 in Marlton. Tenants at the property include Burlington Coat Factory, Homegoods and Supercuts. Seth Grossman of Meridian originated the loan on behalf of the undisclosed borrower. The loan was placed with a local bank. Terms of the financing include a fixed interest rate with 2 years of interest-only payments.

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