Meridian Capital Group facilitated an $83 million acquisition financing deal for The Dunbar Apartments, a six-building residential complex in Harlem, New York City. MF1 provided the financing. Located at 2802-2816 Frederick Douglass Boulevard, the complex consists of six six-story buildings with a total of 537 units.
Morris Betesh, Israel Mermelstein and Jack McPhail from Meridian negotiated the financing which allowed for numerous transaction efficiencies that benefited all parties involved. Betesh commented on this saying “We are excited for the new owner to carry out their business plan, make new improvements and contribute to the legacy of this iconic property”
This $83M acquisition finance package is sure to benefit both MF1 as well as The Dunbar Apartments in Harlem NYC allowing them to move forward with their respective plans while making contributions towards an iconic building’s legacy.
