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Florida & Gulf Coast  + North Florida  + Finance  | 

Meridian Capital Arranges Refi on Fractured Condo in Tallahassee

Meridian Capital Group arranged $9.3 million in financing to refinance a fractured condominium property in Tallahassee. The loan was provided by a credit union and was negotiated by Meridian senior managing director Morris Betesh, managing director Tamir Kazaz and VP Morris Dabbah, all based in the company’s New York City headquarters.

Located at 3000 S. Adams St. in Tallahassee, the property features 122 units. All were recently renovated and are located within six miles of Florida A&M University, Florida State College and Tallahassee Community College. It’s also convenient to Tallahassee International Airport, the Florida State Capitol and three local golf courses within three miles.

“We are extremely grateful to have worked hand-in-hand with a lender who had a keen eye for strong collateral and sponsorship, and were able to close a fixed-rate, cash-out refinance just prior to stabilization as our client was progressing nicely through lease-up” said Betesh. “Fractured condominium deals are always a bit nuanced, so getting this across the finish line in a market with tightening liquidity is a big win for all parties involved.”


Inside The Story

Meridian Capital's Betesh

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).

  • ◦Financing
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