Meridian Capital Group Arranges $5.7M Construction Loan For Multifamily Property On East Orange Street In Lancaster, FL

The property involved in this transaction is a multifamily asset located at 725 East Orange Street in Lancaster, FL. The loan provided for this property is a construction loan for an amount of $5,700,000. The loan terms include 70% loan-to-cost (LTC) and a fixed interest rate of 6.25%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Loan Type: Construction
• Loan Terms: 70% LTC Fixed at 6.25%
• Address: 725 East Orange Street, Lancaster, FL
• Market: Lancaster, FL

The transaction was facilitated by Peter Martz from Meridian Capital Group. Meridian Capital Group is a prominent real estate finance and advisory firm that has closed over $55 billion in financing in 2022 across various property types. For more information on how Meridian can add value to your portfolio, please contact Mark Stabler at 561-807-8614 or [email protected].