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Meridian Arranges $100M Refi on Financial District Tower

Meridian Capital Group recently arranged $100 million in financing to refinance 90 Broad St. in the Financial District on behalf of Princeton International Properties.

The loan, provided by a balance sheet lender, was negotiated by Meridian EVP Jeff Weinberg, senior managing director Rael Gervis and VP Richard Sutton, all based in the company’s New York City headquarters.

Located in Manhattan’s Financial District, the 1932-vintage 90 Broad stands 25 stories tall, spans a total of 413,000 square feet and is 97% occupied. The building also contains several ground floor retail tenants, including Café Grumpy, Potbelly Sandwich Shop, Just Salad, Five Iron Golf and Dunkin Donuts.

Princeton International acquired the property from Swig Equities in 2014, paying approximately $129 million.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing