**Meridian Capital Group Makes Strong Return to Agency Lending with $173.1M Refinance Deal**
Meridian Capital Group has officially reentered the agency lending market, securing a $173.1 million refinance through Freddie Mac for The Monterey, a luxury residential property on Manhattan’s Upper East Side. The loan was arranged in partnership with NewPoint Real Estate Capital on behalf of longtime investor Rubin Schron. This marks Meridian’s first agency transaction since restrictions were imposed by Fannie Mae and Freddie Mac in late 2023.
Structured by Meridian’s Matt Texler, the 10-year loan carries a 5.07% interest rate and features eight years of interest-only payments along with a 40-year amortization schedule.
“This shows to the market that we’re not just technically back in the agency market — we are really back in a big way,” said Meridian CEO Brian Brooks.
The company plans to close its first Fannie Mae deal in the coming weeks and is setting an ambitious goal of reaching $500 million in agency lending volume by the end of the year.
“This is our zero to one loan,” Brooks added. “Once you’re scoring, you’re scoring.”
