(Save the date: RealShare Apartments comes to theWestin Bonaventure, Los Angeles, October24.)
LOS ANGELES-GlobeSt.com has exclusively learned thatMeridian Capital Group LLC, a nationalcommercial real estate finance and advisory firm,has negotiated $9.6 million in permanent financingfor the Perino’s Luxury Apartments on Norton Ave.,just north of Wilshire Blvd. in the Koreatown neighborhood here.The 10-year, non-recourse loan features a competitive fixed rate of3.53%
Jonathan Wintner, VP at Meridian in the LosAngeles office, negotiated the transaction. “Meridian had two majoraccomplishments on behalf of the borrower in this transaction, bothof which are attributable to the company’s strong market knowledgeand its long-standing lender relationships,” said Wintner in aprepared statement. “Besides securing robust proceeds for theborrower of more than $200,000 of debt per unit, Meridian was ableto attain pricing waivers and negotiate this highly favorable rateof 3.53% for a 10-year, fixed-rate, non-recourse loan.”
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