Meridian Capital Group Arranges $66.5M Development Loan For Delaware Multifamily | Meridian Capital Group Arranges $66.5M Development Loan For Delaware Multifamily | Morris Betesh, Alex Bailkin | MultiFamily | Loan

Summary

Loan

DELAWARE

MultiFamily

235,701 sqft

A development loan in the amount of $66,500,000 has been secured for a multifamily property in Delaware. The property spans a total square footage of 235,701 and consists of 243 units. The loan was facilitated by Morris Betesh & Alex Bailkin from Meridian Capital Group.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $66,500,000
Square Footage: 235,701
Number of Units: 243
Brokers: Morris Betesh & Alex Bailkin - Meridian Capital Group

Senior financing and preferred equity were arranged for the development loan, providing the necessary capital for the project.

Players

All
3

Agents
2
Agencies
1

Morris Betesh

Senior Managing Director

$754.4M Sold

Alex Bailkin

Vice President

$668.9M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Morris Betesh & Alex Bailkin DATE: 11/02/2023 MARKET: Delaware ASSET TYPE: Multifamily ~ SF: 235,701 ~ UNITS: 243 BROKERS: Morris Betesh & Alex Bailkin (@AJBailkin) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $66,500,000 LOAN TYPE: Development NOTE FROM BROKER: senior financing and preferred equity

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AddressMeridian Capital Group Arranges $66.5M Development Loan For Delaware Multifamily

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