ABERDEEN, NJ — Meridian Capital Group arranged $52 million in financing to refinance a multifamily community in Aberdeen on behalf of BNE Real Estate Group.
The 15-year loan was provided by a life insurance company and features five years of interest-only payments. This transaction was negotiated by Meridian managing director, Marvin Jeremias, who is based in the company’s Iselin office.
Located at 1101 Schindler Dr., the Link at Aberdeen Station is a luxury multifamily community consisting of five, five-story buildings totaling 227 studio- to two-bedroom units. The property was constructed at the end of 2018 and offers residents an array of community benefits, including a gated entry, resident lounge, private conference room, outdoor swimming pool, electric car charging stations, and 24-hour onsite maintenance, while individual apartments feature best-in-class amenities such as stainless steel appliances, quartz countertops, central heating and cooling, in-unit washers and dryers, and wood-style flooring.