New York & Tri-State + Fairfield/Westchester + Office | November 16, 2020

Meridian Arranges $18M Refi in Norwalk

Meridian Capital Group arranged $17.5 million for the refinance of SONO 50, a class-A office property in Norwalk, CT.

The seven-year loan, provided by a regional bank, features a rate of 3.60% and one year of interest-only payments. The deal was negotiated by Meridian managing director Tamir Kazaz and VP Eli Finkel.

Located at 50 Washington St. in the historic SoNo neighborhood of Norwalk, SONO 50 stands 14 stories tall and spans 193,000 square feet. The property was recently gut renovated and reportedly is now the only fully amenitized, boutique, class-A office tower in the area.

The building is complete with industrial-style offices and co-working spaces. SONO 50 is also convenient to a wide assortment of bars, restaurants and shops, and is a five-minute walk from Metro-North train service at the South Norwalk station.

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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 13-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 15-20 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).

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