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Meridian Steps Up Lending, Steps Out to New Space in Iselin

ISELIN, NJ-The company’s strategic expansion continues as mortgage finance activity accelerates; the New Jersey region covers a broad swath on the East Coast.

By Antoinette Martin | Updated on July 19, 2012

ISELIN, NJ – Riding the wave of mortgage finance business generated by unprecedented low interest rates, Meridian Capital Group is expanding its regional operations and has taken new and expanded space in Iselin.

“Meridian’s New Jersey office closed more than $1.5 billion in financing transactions and is currently on track to substantially exceed last year’s volume,” said Israel Schubert, who heads the New York City-based company’s Iselin office. Recent transactions include a $32.9-million loan for the 93-unit Berkshire at the Shipyard apartment building in Hoboken and a $27.2-million loan for the 241-unit Steward’s Crossing multifamily property in Princeton.

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