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Los Angeles, Calif. — Meridian Capital Group has secured the $4.8 million refinancing of a 12,630-square-foot mixed-use property located in Los Angeles.
The two-story building, located at 8431 Melrose Place, features retail and office components, including Waterwork’s new flagship showroom.
Drew Anderman and Sean Robertson of Meridian secured the seven-year, fixed-rate loan on behalf of the borrower, VE Equities, through a balance sheet lender. The financing features no prepayment penalty, and an amortization schedule that is coterminous with the ground lease.