"It is a good indication in this market that Meridian successfully negotiated a non-recourse, low-leverage fixed-rate loan on a single-tenant retail property," says Jay Bidnick, a senior loan officer based in the firm's Iselin office, who was responsible for negotiating the loan. He tells GlobeSt.com, "This property is well-known for its unique characteristics, and is one of the highest performing stores for longtime tenant P.C. Richard & Son."
Founded in 1991, Meridian works with a broad array of capital providers to finance transactions ranging from $500,000 to more than $500 million for multifamily, co-op, office, retail, hotel, healthcare, self-storage, industrial and construction properties.
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