Parkview Furnishes $110M Acquisition Loan on Stamford Offices

Parkview Financial provided a $110-million bridge loan to 200 Elm Partners BH, LLC for the acquisition of a 557,581-square-foot Class A office complex comprised of two interconnected buildings at 200 Elm St. and 695 E Main St. in Stamford, CT. 

Built in 1984 and renovated in 2016, the 7.71-acre office campus is currently 80.8% leased to nine tenants including Henkel of America, Inc., Deloitte, Diageo, Webster Bank, and McDonald’s. The property features an atrium lobby, seventeen passenger elevators, café, fitness center, outdoor seating, entertainment space and a four-story subterranean parking garage. 

“Parkview Financial created a highly curated solution for the borrower on the acquisition of this trophy asset,” said Paul Rahimian, Parkview’s CEO and founder. “The borrower, who plans on a long-term hold on this well-located Class A building, intends to stabilize the property by implementing a leasing program, and will place permanent financing at a later date.” 

Separately, Meridian Capital Group arranged $210 million in acquisition financing. The financing was composed of both ground lease and leasehold financing provided by balance sheet lenders.

The financing was negotiated by Meridian senior managing director Morris Betesh, associate Jack McPhail, director Jacob Schmuckler and VP Israel Mermelstein, all based in the company’s New York City headquarters.