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Beech Street, Meridian Score $275M in MF Refis

NEW YORK CITY-The loans on a New York high-rise and a portion of a San Francisco-area complex each got done within 30 days.

By Paul Bubny | Updated on December 15, 2010

NEW YORK CITY-Beech Street Capital, based in Bethesda, MD, has paired up with locally based Meridian Capital on a $175-million Fannie Mae DUS loan to refinance a New York City multifamily property. Beech Street also originated a $100-million loan to refinance a portion of a Daly City, CA apartment complex.

The borrowers on both the East and West coasts asked to not be identified, Beech Street and Meridian tell GlobeSt.com. The New York City asset is a 490-unit high-rise, while the Daly City complex is a mix of mid-rise and garden-style apartments and includes a total of 2,983 units; the Beech Street refi covers three loans on 1,049 of those units.

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