Source: Commercial Observer

Meridian: Blue Roc Gets $69M Refinance on Portfolio of Florida Rental Assets

New York Community Bank has originated just under $69.3 million in debt to refinance a portfolio of three multifamily properties located in Fort Myers, Fla., Commercial Observer has learned. The five-year, fixed-rate loan includes one five-year fixed or floating rate extension option as well as a single year of interest-only payments. The deal includes cash-out [...]

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Ralph Herzka's photo - Chairman & CEO of Meridian

Chairman & CEO

Ralph Herzka

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Meridian operates as a commercial real estate finance and advisory company. Read more