NEWARK, NJ–The Berger Organization has obtainedan $18 million refinance loan on its 570 Broad St. tower here,through Meridian Capital Group.
Meridian negotiated a seven-year loan with a 4.25% interestrate, which was provided by a regional balance-sheet lender.Tal Bar-Or and Kyle Kite, who arebased in the company's New York City headquarters, arranged theloan.
“Meridian was able to demonstrate the successful turnaround ofthe property and structure financing providing significant cashback to the sponsor,” said Bar-Or.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
