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Florida & Gulf Coast  + Central Florida  + Finance  | 
Meridian Capital Group has arranged a $60.4 million refinancing for Lake Mary Apartments in Lake Mary, FL.

Meridian Capital Group Arranges $60M Refi for Lake Mary Multifamily

Meridian Capital Group has arranged $60.4 million in financing to refinance an apartment complex in Lake Mary, FL. The borrower constructed the property in 1985 and has operated it ever since.

The transaction was negotiated by Zev Feder and Satyam Patel with Meridian Capital Group. The seven-year loan was provided by a balance sheet lender and features five years of interest-only payments.

“This transaction outlines Meridian’s strong relationship with balance sheet lenders in a volatile interest rate market,” said Feder. “Meridian was able to close this refinance within 90 days and with the rate locked at 4.44%.”

The garden-style property features over 400 one-, two-, and three-bedroom units and includes clubhouse, two tennis courts, a fitness center, a business center, and two swimming pools. Lake Mary, a suburb of Orlando, is known for its beautiful scenery, award-winning school system, well-planned residential communities, shopping and prominent business headquarters.


Inside The Story

Meridian Capital Group's Feder

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Financing
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