January 31, 2020 Comments Off on Meridian Capital Arranges $22M Refinancing for Lafayette MF Property Views: 651 Florida News, Gulf Coast

Meridian Capital Arranges $22M Refinancing for Lafayette MF Property

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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.

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