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