New York, NY – May 29, 2015 – (RealEstateRama) — Meridian Capital Group, America’s most active debt broker, negotiated a $3.9 million CMBS loan for the refinance of a shopping center located in Las Vegas, NV on behalf of Robert Zarin.
The 10-year loan, provided by Natixis Global Asset Management, features a fixed-rate of 4.40% and a 30-year amortization schedule. This transaction was negotiated by Meridian Capital Group Vice President, Judah Hammer, and Analyst, Daniel Neiss, who are both based in the Company’s New York City office.
The shopping center, located at 7785 North Durango Drive in Las Vegas, NV, contains 12 retail spaces totaling 16,110 square feet. Notable tenants include 7-Eleven, Little Caesars and Dairy Queen.
“After sustaining a sharp downturn during the recession, the Las Vegas retail market is stabilizing for future growth and development,” said Mr. Neiss. “Meridian was able to leverage its investment banking relationships to provide the borrower with maximum proceeds and a competitive rate of 4.40% for ten years,” he added.
Founded in 1991, Meridian Capital Group, LLC is one of the nation’s largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com