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DANBURY, CT-Matrix Realty Group has secured an $85-million mortgage to refinance its Matrix Corporate Center here. Meridian Capital Group negotiated the five-year CMBS loan at a fixed rate of 4.61%; the lender was not identified.

“Numerous lenders had reviewed this financing request over the past few years,” says Tal Bar-Or, New York City-based managing director at Meridian, who negotiated the deal with VP Michael Ottomanelli. “After comprehensively evaluating the sponsor’s business plan, Meridian identified the optimal lending partner and structured a loan that allows the client the flexibility to execute their value-add business plan while providing the certainty of a fixed-rate loan.”

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