PASADENA, FL-Meridian Capital Group, LLC has obtained $15.75 million in financing for the purchase of Landmark at Waters Pointe, a five-story, 198-unit multifamily property located at 1885 Shore Drive South in Pasadena, Florida. The five-year loan secured by the firm features a fixed-rate of 4.78%.
For the first two years, Meridian Capital Group has to offer interest-only payments. Michael Brown and Brad Gladsden from Meridian's Florida office negotiated the deal.For the full story, go to Florida Real Estate Journal.
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