Meridian Capital Group Arranges $12M Refinance Loan For The Victoria Co-Op Shares

The Victoria, located at 7 East 14th Street in Manhattan, has recently undergone a closed transaction. The property is a Co-Op Shares asset consisting of 63 units.

Summary of transation details

• Property Type: Co-Op Shares
• Transaction Amount: Not specified
• Address: 7 East 14th Street, Manhattan
• Market: Manhattan

In this transaction, the loan for The Victoria was provided by Metropolitan Bank, with Vivek Baid and Alex Rosen representing the lender. The loan amount for this refinance deal was $12,000,000. The loan terms included a fixed interest rate of 5.125% for 5 years, with the full term being interest only.

Markwood Enterprises, owned by the Mehdizadeh Family, acted as the landlord in this transaction. Representing the buyer and seller in this deal were David Oheb and John Bianco from Meridian Capital Group.

Meridian Capital Group, represented by David Oheb, is a prominent real estate finance and advisory firm. In 2021, they successfully closed over $55 billion in financing across various property types. For further information on their services and how they can assist with portfolio management, David Oheb can be contacted directly at 212-612-0193 or via email at [email protected].