Meridian Capital Arranges $22M Refinancing for Lafayette MF Property
Meridian Capital has arranged a $22 million loan to refinance Lafayette Gardens, a 240-unit apartment community in Lafayette, LA.
Located at 110 East Martial Ave., Lafayette Gardens contains one-bedroom, two-bedroom and three-bedroom units, with high-end finishes and appliances. Community amenities include a beachfront entry pool, 24-hour fitness center, tanning beds, a club house, a business center, movie theater, playground and pet park.
The 10-year CMBS loan features a fixed rate and full-term interest-only payments. Seth Grossman, and Sarah Kuebler of Meridian’s Southern California offices represented the undisclosed borrower in the transaction.
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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.