Meridian Capital Group Brokers $92M Construction Loan For Inwood Multifamily Property

The property involved in this transaction is a multifamily building located at 401 West 207th Street in Inwood, Manhattan. The building consists of 270 units. The deal, facilitated by Morris Betesh, Omar Ferreira, and Dov Jeremias from Meridian Capital Group, had a loan amount of $92,000,000 provided by BHI. The loan type for this transaction is construction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $92,000,000
• Units: 270
• Lender: BHI
• Brokers: Morris Betesh, Omar Ferreira, and Dov Jeremias - Meridian Capital Group
• Landlord: Jay Group

The key individuals and companies involved in this deal include the Jay Group as the landlord and Morris Betesh, Omar Ferreira, and Dov Jeremias as the brokers representing Meridian Capital Group. This construction loan marks an important step in the development of the multifamily property at 401 West 207th Street in Inwood, Manhattan.