April 17, 2019
Meridian Capital Group recently arranged $100 million in financing to refinance 90 Broad St. in the Financial District on behalf of Princeton International Properties.
The loan, provided by a balance sheet lender, was negotiated by Meridian EVP Jeff Weinberg, senior managing director Rael Gervis and VP Richard Sutton, all based in the company’s New York City headquarters.
Located in Manhattan’s Financial District, the 1932-vintage 90 Broad stands 25 stories tall, spans a total of 413,000 square feet and is 97% occupied. The building also contains several ground floor retail tenants, including Café Grumpy, Potbelly Sandwich Shop, Just Salad, Five Iron Golf and Dunkin Donuts.
Princeton International acquired the property from Swig Equities in 2014, paying approximately $129 million.
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