New York & Tri-State + New Jersey + Finance | January 6, 2022

Meridian Arranges Financing for Cammeby’s Buy in Piscataway

Meridian Capital Group arranged $115.3 million in acquisition financing for Royal Garden Apartments, a 550-unit multifamily property located in Piscataway, NJ, on behalf of Cammeby’s International. The five-year loan, provided by Signature Bank, features three years of interest-only payments.

The transaction was negotiated by Meridian senior managing director Abe Hirsch, managing director Zev Karpel and associate Sean Anderson, based in the company’s New York City headquarters. Signature Bank’s managing group director Joseph Fingerman led the process, along with group director Paul Kotronis.

Located at 3060 New Brunswick Ave., the 23-building property sits on 36 acres. Units feature open-concept floor plans with renovated kitchens and baths, hardwood flooring, over-sized windows and in-unit washers and dryers. Residents also have access to a resort-style pool and sun deck, a professional-caliber fitness center, manicured courtyards, children’s playground, vehicle garages, laundry centers and a 24/7 on-site maintenance and property manager.

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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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