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Meridian Arranges Refi on New-Build Aberdeen Apartments
Meridian Capital Group recently arranged $52 million to refinance a multifamily community in Aberdeen, NJ on behalf of BNE Real Estate Group. The 15-year loan was provided by a life insurance company, and features five years of interest-only payments.
This transaction was negotiated by Managing Director Marvin Jeremias, who is based in Meridian Capital’s Iselin, NJ office.
Located at 1101 Schindler Dr., adjacent to a New Jersey Transit train station, the Link at Aberdeen Station is a luxury multifamily community containing 227 units across five buildings. It held its grand opening in March 2018.
“The Link at Aberdeen Station is a newly-developed, contemporary style community that is a standout property in the area,” said Jeremias. “Meridian successfully structured permanent financing on the property with favorable terms to replace the construction loan while the asset was in the middle of the lease-up process.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
