Meridian Capital Group Places $8.1M Construction Loan For Bronx Charter School

Located at 629 Courtlandt Avenue in Bronx, this 28,500 square foot charter school property has recently undergone a closed transaction. The property is owned by Barone Management and the loan was provided by Low-Income Investment Fund. The deal was facilitated by Adam Hakim and James Murad from Meridian Capital Group, who served as the brokers in this transaction.

Summary of transaction details

• Property Type: Charter School
• Transaction Amount: $8,100,000
• Market: Bronx
• Landlord: Barone Management
• Lender: Low-Income Investment Fund
• Brokers: Adam Hakim & James Murad - Meridian Capital Group
• Loan Type: Construction

The Hakim Team at Meridian Capital Group specializes in debt placement for charter schools in NYC and has successfully facilitated loans for this property type with a mix of Community Development Investment Funds, traditional banks, and debt fund lenders.