CARLSBAD, has exclusively learned that the local office of Meridian Capital Group LLC recently negotiated and closed nine loans totaling $35.4 million in permanent and bridge financing for 36 properties in three states.

Meridian’s Carlsbad office, managed by Seth Grossman, a managing director at the firm, arranged two 10-year, fixed-rate CMBS loans totaling $23 million, both with interest rates below 5%, to finance a newly stabilized 28-building, 620-unit multifamily portfolio located on the south side of Chicago. The cash-out closings occurred within days of each other.

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