HAUPPAUGE, NY—The Matrix Group has secured a $50-million CMBS and mezzanine-financing package for its Crossroads office portfolio in Hauppauge and Islandia, NY.

The 10-year permanent financing refinances the 14-building, 392,000-square-foot office portfolio on Long Island. The transaction was negotiated by Meridian Capital Group and provided by Jeffries LoanCore. Meridian Capital Group managing director Tal Bar-Or, VP Judah Neuman and associate Kyle Kite, who alll work out of the firm’s New York City headquarters, negotiated the transaction on behalf of Matrix.

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