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Avenue Of The States

Eliezer Finkel And Rael Gervis Of Meridian Capital Group Secures $32M Construction Loan In Lakewood
FINANCEDRetail

Eliezer Finkel And Rael Gervis Of Meridian Capital Group Secures $32M Construction Loan In Lakewood

Avenue Of The States

$32,000,000

Building Size

Asset Type

Retail

Closing

Dec 2, 2025

AI

The property asset involved in this transaction is a retail asset located on Avenue of the States in Lakewood, encompassing a total area of 115,000 square feet. The loan amount secured for this construction project is $32,000,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $32,000,000
  • Address: Avenue of the States
  • Market: Lakewood
  • Asset Size: 115,000 BSF
  • Loan Type: Construction

Eliezer Finkel and Rael Gervis represent Meridian Capital Group in this transaction, playing a pivotal role in facilitating the loan agreement for the retail asset.

Players

Rael Gervis

Meridian Capital Group

Broker

$1.2B

vol

23 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Bayville Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93