NEW YORK CITY-A popular mixed-use building in the city’s trendy Meatpacking District has received some financial TLC. Finance and advisory firm Meridian Capital Group LLC has negotiated a $55 million package for 430 West 14^th Street, a five-story, 61,000-square-foot office and retail building near the High Line.

The three-year acquisition financing is composed of a $45 million senior loan from Citigroup Global Markets Inc., as well as a $10 million mezzanine loan from SL Green Realty Corp. Meridian negotiate the 85% loan-to-cost acquisition financing package by combining senior financing covering 70% of the acquisition price with a mezzanine loan making up the 15% differential, according to Meridian’s managing director, Cary E. Pollack, who negotiated the transaction.

“We achieved this favorable structure by leveraging Meridian’s longstanding relationship with Citigroup’s conduit team to obtain maximum proceeds for the borrower on the senior portion, and by effectively articulating to SL Green, the mezzanine lender, the unique attraction of the property as well as the formidable strength of the sponsor,” Pollack says, in a statement.