Meridian Capital Secures $18M for Uptown MF Property
Meridian Capital has secured a $17.7 million Fannie Mae first mortgage loan for Broadway Terrace, a collection of 131 garden-style apartments in New York City. The loan will be utilized to refinance the property’s current debt.
The apartments, situated in Washington Heights and Fort George, are housed in eight four-story residential buildings constructed in 1927. The loan was arranged by KeyBank Real Estate Capital’s Alan Isenstadt and John Ward.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.