Meridian Capital Group Secures $3.5M Refinance Loan For Multifamily Properties In Santa Monica

The asset involved in this transaction is a multifamily property located at 1022 Grant Street & 1034 Grant Street in Santa Monica. The loan amount is $3,500,000, and it is a refinance with flexible interest-only loan terms.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Loan Type: Refinance
• Loan Terms: Flexible interest-only loan
• Brokers: Kovi Elkus & John Bianco - Meridian Capital Group
• Date of Transaction: 03/14/2025
• Market: Santa Monica

Kovi Elkus serves as the Senior Managing Director and can be reached at 646-285-7124 or [email protected]. John Bianco, the Senior Vice President, is also involved in this transaction and can be contacted at 212-612-0297 or [email protected]. Notably, the deal was closed in three weeks.