National Commercial Real Estate News From CoStar Group
Meridian Arranges $130M Financing Deal to Reposition the Paramount Bldg
Meridian Capital Group LLC has negotiated $130 million in new financing for the Paramount Building, located at 1501 Broadway in New York City. Avison Young is advising the building's owner, Paramount Leasehold LP, on a major strategic reinvestment program for the building.
The 10-year, full-term interest only loan features a low 3.16% fixed rate. It was provided by Cantor Commercial Real Estate. Keith Kurland, senior vice president and Aaron...