Meridian arranges $13M in financing for the Windsor Suites

July 6, 2018

PHILADELPHIA, PA — Meridian Capital Group arranged $13 million in financing to refinance Windsor Suites in Philadelphia, on behalf of the Edward S. Brown Group.
The seven-year loan, provided by a balance sheet lender, features a rate of 3.75% and was negotiated by Meridian senior vice presidents, David Fisher and Scott Jackson, who are both based in the company’s Iselin, NJ office. 
“This asset, with its unique mix of hospitality and multifamily, wasn’t a cookie-cutter deal, but Meridian’s team was able to work with the distinguished sponsor to customize terms that surpassed our client’s expectations,” said Israel Schubert, senior managing director of Meridian’s New Jersey office.

 

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