Jacobovitch and Munk of Meridian arranges $13 million in financing
Kenilworth, NJ — Meridian Capital Group arranged $13 million in financing for the refinance of the Cristie Portfolio, seven commercial properties located in Kenilworth, on behalf of Pierre Development Corp. The seven-year loan, provided by a balance sheet lender and features a rate of 4.375%. This transaction was negotiated by Meridian senior vice presidents, Jay Jacobovitch and Josh Munk, who are based in the company’s Iselin, NJ office. The commercial properties span 132,574 s/f and are located at 15, 20, 25, 37, 80-100, 356 and 363-365 Market St. and 360 Carnegie Ave. in Kenilworth, NJ. Tenants include Community Bank, KinderCare Learning Center, and Atlantic Federal Credit Union.