OLYMPIA, WA—Meridian Capital Group, LLC, aleading national commercial real estate finance and advisory firm,arranged a $23.5 million mortgage for therefinance of the Woodland Apartments multifamilyproperty located in Olympia.
The 10-year loan, provided by RialtoCapital Management, LLC, features a competitive fixed-rateof 4.83% and five years of interest-only paymentsfollowed by a 30-year amortization schedule. Thistransaction was arranged by Meridian Capital Group SVP,Marvin Jeremias, who is based in the company'sIselin, NJ office.
The 224-unit multifamily property located at800 Yauger Way was built in 2012 and was fullyleased by August 2013.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
