Jan
25
Meridian Secures $40M Financing for Hartford Office Asset
ByMetro Group, the Class A property recently acquired by Shelbourne Global Solutions, last traded in 2013 for $22.7 million.
Metro Center, Hartford, Conn.
Hartford, Conn.—Meridian Capital Group recently announced that it has arranged a $40 million bridge financing on behalf of Shelbourne Global Solutions for the acquisition of Metro Center, a 293,600-square-foot office building located in downtown Hartford.
The two-year loan featuring a floating rate of 5.8 percent over the 30-day LIBOR rate and interest-only payments was negotiated by Shaya Ackerman, senior managing director, and Shaya Sonnenschein, senior vice president of Meridian’s New York City headquarters through Thorofare Capital…
