Meridian Capital Group Arranges $9.25M Office Refinance Loan For 1501 Broadway, Santa Monica

The office building located at 1501 Broadway in Santa Monica, CA has recently undergone a refinance transaction. The loan amount for this deal was $9,250,000. The terms of the loan include a 5-year fixed rate at 6.00%. The first 24 months of the loan will be interest only, followed by a 30-year amortization period.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $9,250,000
• Loan Type: Refinance
• Loan Terms: 5-Year Fixed at 6.00%, 24 Months Interest Only Followed by 30-yr Amortization
• Address: 1501 Broadway, Santa Monica, CA
• Market: Santa Monica, CA

The brokers involved in this transaction were Seth Grossman and Dorian Aftalion from Meridian Capital Group. Meridian Capital Group is known as America's most active real estate finance and advisory firm, having closed over $60 billion in financing in 2022 across various property types. They represent many of the world's leading real estate investors and developers.

If you would like more information about this transaction, you can contact Seth Grossman at [email protected] or Dorian Aftalion at [email protected].