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CARLSBAD, CA-GlobeSt.com has learned exclusively that Meridian Capital Group LLC has arranged and closed $21.4 million permanent financing for six properties in four states. The transactions involved retail, mixed-use, manufactured-housing and multifamily properties in California, Texas, Arizona and Oklahoma.

Seth Grossman and Ryan Gandell in the company’s Carlsbad office arranged a $9.5-million, 10-year, fixed-rate CMBS loan to refinance the 152-unit Elk Ridge Apartments, the only class-A multifamily property in Show Low, AZ. “By leveraging the experience and track record of the borrower and by keeping in constant communication with the lender, we successfully negotiated this highly accretive CMBS that was used to repay the existing full-recourse construction loan on the property,” said Grossman in a prepared statement.

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