Monday, April 22, 2013

Meridian Arranges $130M Financing Deal to Reposition the Paramount Bldg




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...






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