Meridian Capital Group Arranges $5.5M Refinance Loan For Special Purpose Property On Staten Island

Meridian Capital Group has facilitated a refinancing deal for a special purpose property located at 2187 Richmond Ave in Staten Island. The property spans 14,000 square feet and is situated in the vibrant Staten Island market.

Summary of transaction details

• Property Type: Special Purpose
• Transaction Amount: $5,500,000
• Loan Type: Refinance
• Loan Terms: 10 Years, 3.75%, 2 years of interest only, non-recourse

Reuben Hedaya and Judah Hammer from the Meridian Capital Group played a key role in the transaction, serving as the brokers. Their expertise and negotiation skills helped secure the refinancing deal for the property owner.