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California  + San Diego  + Hospitality  | 

Three Revolving Lines of Credit Total $225M

Meridian Capital Group recently arranged three $75 million revolving lines of credit totaling $225 million for three large national debt funds. Each credit facility begins with $75 million of capacity that can be increased as required. The facilities have no mark-to-market or rebalance requirements and advances are funded within one to three days of request. These transactions were negotiated by Seth Grossman and Jason Kahn of Meridian’s West Coast team. Jackie Tran and Sarah Kuebler assisted in the closings.

Two of the debt funds are headquartered in New York and the third is in Los Angeles. All three funds have multiple offices and all close loans nationally. One of the lenders has historically focused on traditional middle-market value-add and bridge financing. Another typically lends on the same as well as on heavier re-positioning, adaptive reuse, and select construction, mezzanine and preferred equity financing. The third lender focused pre-pandemic exclusively on hospitality construction and has since expanded its parameters to include multifamily construction.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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