Simon Rosenfeld & John Bianco Of Meridian Capital Group Secures $1.2M Refinance Loan In Newark

The property involved in this transaction is a mixed-use asset located at 180 Ferry Street in Newark. The refinance loan amount is set at $1,200,000, with a spread of 230 basis points and a flexible prepayment penalty structure.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,200,000
• Loan Type: Refinance
• Brokers: Simon Rosenfeld & John Bianco - Meridian Capital Group
• Date of Transaction: 12/23/2024

Simon Rosenfeld and John Bianco are the brokers representing the transaction, both affiliated with Meridian Capital Group. Their expertise facilitated this refinancing deal, showcasing their capability in handling complex financial structures for portfolio enhancement.