WYNCOTE, PA–Meridian Capital Group negotiated a $92.3 million mortgage for the acquisition of the Towers at Wyncote apartments here by Lindy Property Management Company.
The eight-year loan for 80% of the purchase price carries a fixed-rate 3.625% interest rate; it was provided by a regional balance sheet lender.
The transaction was handled by Meridian 's senior vice-president, David Fisher, who is based in the company's Iselin, NJ, office.
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