Meridian Secures $22M in Financing for Luxury Development

Although the tender process sparked significant interest, "very few" developers could secure the massive financing required to. rentals featured in other waterfront development contracts, including.

Meridian Capital Group has arranged for $18 million in acquisition financing for an affiliate. acres and will be used for future development. “After first speaking with many regional lenders,

Meridian Capital Group arranged a ground-up construction financing in the total amount of $21.7 million, on behalf of the Meyers Group, for the development of Avery Place at Pompano, a 163,000-square-foot multifamily property in Pompano Beach, Fla.

Landmark will soon enhance the development with a state of the art training centre and two extraordinary multi-tiered office buildings with over 20,000 m2 of dynamic office space. The premises will also encompass a 4-star luxury hotel, fully serviced extended stay apartments and upscale residences for sale, each offering a unique residential.

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Meridian Secures $22M in Financing for Luxury Development Avery Place at Pompano will be an eight-story, Class A community with 145 luxury rental units and workplace studios ranging between 800.

Meridian Secures $22M in Financing for Luxury Development – Meyers Group "Despite construction loans becoming increasingly more difficult to come by in this market, Meridian was able to leverage its relationship with a balance sheet lender to help secure financing for this exceptional project," Noam Kaminetzky , managing director at Meridian.

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“Despite market-wide tightening of capital sources for ground-up development projects, Meridian was able to negotiate terms with both lenders that allowed our clients to move forward with this.

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