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Meridian Arranges Refi on East Fenway Apartments
Meridian Capital Group arranged $18.8 million in financing to refinance a 30-unit multifamily property on Hemenway Street in Boston. The building is situated in East Fenway, home to the Boston Red Sox and in proximity to Northeastern University and Boston University.
The 10-year loan, provided by a balance sheet lender, features a fixed rate of 3.00% and three years of interest-only payments followed by a 30-year amortization schedule. It was negotiated by Meridian SVP Zev Feder and VP Jason Bogopulsky, based in Meridian’s New York City headquarters.
“This property serves as a strong asset to the Fenway community for local professionals and students who rely on the complex as a centralized home-base on their commute to and from class and work each day,” said Feder. “This transaction exemplifies how stable the student housing market remains despite some of the challenges in leasing due to the onset of COVID-19 in 2020.”
- ◦Financing

