An acquisition loan in the amount of $25,461,000 has been secured for a multifamily property located in Colorado Springs, CO. The loan was facilitated by Seth Grossman and John Bianco of Meridian Capital Group, one of America's most active real estate finance and advisory firms.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,461,000
• Loan Type: Acquisition
• Loan Terms: SOFR + 230bps, 10-Year Term, 5 Years Interest Only
• Market: Colorado Springs, CO

Meridian Capital Group, known for its expertise in real estate financing and advisory services, has successfully closed over $55 billion in financing in 2021. The firm represents leading real estate investors and developers and deals with various property types, including multifamily, office, retail, hotel, mixed-use, industrial, and construction.