Allan Lieberman & Joshua Lerer Of Meridian Capital Group Secures $3.2M Loan For Lakeland Industrial Property

The asset involved in this transaction is an industrial property located at 5115 North Frontage Road in the Lakeland market. The property comprises 54,212 square feet and is associated with a loan amount of $3,195,000 for acquisition purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,195,000
• Loan Type: Acquisition
• Initial Loan Amount: $2,632,500
• Future Advance Amount: $562,500
• Processing Time: Under 30 days from App to Commitment
• Fixed Rate: 6.50% for 5 years held for 60 days upon Commitment Issuance

The key individuals involved in this transaction are Allan Lieberman and Joshua Lerer, who represent Meridian Capital Group. Allan Lieberman can be contacted at 212-612-0234 or via email at [email protected].