Meridian Capital Group Secures $13.2M Acquisition Loan For Self-Storage In Cleveland

The self-storage property in Cleveland, Ohio, spanning 180,000 square feet, was involved in an acquisition deal with a loan amount of $13,200,000. The loan was provided by Societe Generale, and the property is owned by a NYC Based Private Equity Fund. The transaction was facilitated by Drew Anderman and Eddie Haber from Meridian Capital Group.

Summary of transaction details:

• Property Type: Self-storage
• Transaction Amount: $13,200,000
• Market: Cleveland, Ohio
• Lender: Societe Generale
• Landlord: NYC Based Private Equity Fund
• Brokers: Drew Anderman & Eddie Haber - Meridian Capital Group
• Loan Type: Acquisition
• Loan Terms: Floating Rate

The deal's key individuals include the lender Societe Generale, the landlord, a NYC Based Private Equity Fund, and the brokers Drew Anderman and Eddie Haber from Meridian Capital Group. The loan for the acquisition was granted with floating-rate terms, showcasing a strategic financial approach in the real estate transaction.