Meridian Capital Group Secures $40M Construction Loan For Mixed-Use Property In New Orleans

A mixed-use property in New Orleans, LA has recently secured a construction loan of $40,000,000. The property, which spans an impressive 130,000 square feet, is set to undergo further development with the financial backing of this loan.

Summary of transation details

• Property Type: Mixed-Use
• Transaction Amount: $40,000,000
• Market: New Orleans, LA
• BROKERS: Benjamin Nevid & Jared Fried - Meridian Capital Group
• Loan Type: Construction

Leading the deal are Benjamin Nevid and Jared Fried from the Meridian Capital Group. With their expertise and knowledge in the New Orleans market, they were instrumental in securing the substantial construction loan for this mixed-use property.