January 31, 2020
Meridian Capital has arranged a $22 million loan to refinance Lafayette Gardens, a 240-unit apartment community in Lafayette, LA.
Located at 110 East Martial Ave., Lafayette Gardens contains one-bedroom, two-bedroom and three-bedroom units, with high-end finishes and appliances. Community amenities include a beachfront entry pool, 24-hour fitness center, tanning beds, a club house, a business center, movie theater, playground and pet park.
The 10-year CMBS loan features a fixed rate and full-term interest-only payments. Seth Grossman, and Sarah Kuebler of Meridian’s Southern California offices represented the undisclosed borrower in the transaction.
Connect South Florida is coming to Key Biscayne on Feb. 26, 2020. For more information, or to register, click here.
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