New York & Tri-State + Fairfield/Westchester + Finance | April 27, 2020

Meridian Lines Up Acquisition Loan on Norwalk Apartments

Meridian Capital Group arranged $12.75 million in acquisition financing for 34 Oakwood Ave., a multifamily property in Norwalk, CT. The loan was negotiated by Meridian’s Judah Hammer, Daniel Neiss and Jared Kaufman, all based in the company’s New York City headquarters.

The 36-month loan, provided by a balance sheet lender, features a rate of 3.13%, a five-year extension option and two years of interest-only payments followed by a 30-year amortization schedule.

34 Oakwood is a three-story garden style apartment building, with two ground-floor commercial units and 53 one and two-bedroom residential units featuring private balconies; kitchens equipped with granite countertops and stainless steel appliances; fireplaces; and in-unit washers and dryers.

The property offers access to the Metro-North Railroad at the Merritt 7 station, in addition to the I-95 and Merritt Parkway.

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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).

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