Meridian Capital Group Secures $27M Refinance Loan For Phoenix Multifamily Market

Located in Phoenix, AZ, the multifamily property at 15417 N 29th Street, along with 16645 & 16801 North 31st Street, has successfully undergone a refinancing deal. The loan for this transaction was provided by Citibank, with a substantial amount of $27,000,000 at a competitive interest rate of 6.42% for the first two years and 6.57% for the subsequent three years. The loan terms include a 5-year duration with interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,000,000
• Lender: Citibank
• Brokers: Michael Zborowski & Bryan Geffen - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 6.42%/6.57%, 5 years, Interest only

Michael Zborowski and Bryan Geffen from Meridian Capital Group played crucial roles as the brokers in facilitating this successful loan refinance. Their expertise in the real estate market of Phoenix, AZ, was instrumental in securing this deal, benefiting all parties involved.