Meridian Capital Group Arranges $3.5M Refinance Loan For Multifamily Property In New York

The multifamily property located at 52 Irving Place in New York has recently undergone a refinancing transaction. The deal was facilitated by Michael Helmreich from Meridian Capital Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Loan Type: Refinance
• Loan Terms: 7 Years Fixed, Rate: 3.5%, Amort: 2 Years IO then 30 years

The financing of $3,500,000 was obtained for the property at 52 Irving Place. The loan terms include a fixed interest rate of 3.5% for 7 years, followed by a 2-year interest-only period and a 30-year amortization period. Michael Helmreich, representing Meridian Capital Group, played a key role in orchestrating this deal.