$75 Million Acquisition Loan Secured For 612 Unit Multifamily In Pikesville MD By Meridian Capital

The asset involved in this transaction is a multifamily property located at 7900 Brookford Circle, Pikesville, MD, consisting of 612 units. The acquisition was financed with a loan amount of $75,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,000,000
• Address: 7900 Brookford Circle
• Market: Pikesville, MD
• Units: 612
• Loan Type: Acquisition
• Broker Representation: Jonathan Zilber & Joel Chetner - Meridian Capital Group

In addition to the multifamily property transaction, Hanley Investment Group was responsible for brokering the sale of the 207,406-square-foot Lakeview Pointe Shopping Center in Stillwater for $22.5 million, a property that is 95% leased and situated on 24.7 acres, built in 2006.