Meridian Capital Group has arranged $28.4 million in permanent financing for the refinance of Marine View Plaza, a mixed-use property located in Hoboken on behalf of Cammeby’s International.
The seven-year loan, provided by a regional balance sheet lender, features a competitive fixed-rate of 3.63 percent and a 30-year amortization schedule. This transaction was negotiated by Meridian Senior Managing Director Abe Hirsch, Managing Director Zev Karpel, and Vice President Akiva Friend, who are all based in the Company’s New York City headquarters.
Marineview Plaza, located at 1 and 2 Marine View Plaza, is composed of two 25-story buildings with 432 units and 9,760 square feet of office space. The property is located one block from the Hudson River and has spectacular views of New York City as well as a roof-deck swimming pool.