Meridian Does $80M Refi of 11 Properties

CHICAGO—Meridian Capital Group, LLC, a national commercial real estate finance and advisory firm, recently finished negotiating an $80 million mortgage for the refinancing of a portfolio with 11 multifamily properties located in affluent areas of Chicago’s North Side and several suburbs.

“In general, across the country the multifamily market is really strong,” Max Herzog, managing director in Meridian’s New York office, tells GlobeSt.com, “especially in Texas, San Francisco, New York and Chicago. And rents have been trending upwards for the last two years or so, and many owners have decided to take advantage of long-term interest rates, which are still at historic lows.”