Meridian Secures $50M Refinancing for Washington, D.C. Apartment Complex on Behalf of Clear Investment Group
Meridian Capital Group has arranged a $50 million refinancing for Langston Views, a 671-unit apartment complex in Washington, D.C., on behalf of Clear Investment Group. The refinancing, provided by NewBridge Lending, is part of a bridge-to-agency program and is expected to return equity to the sponsor, reflecting investor confidence in the property's future. The property is currently 85% occupied and undergoing a repositioning strategy.
Topics: investment multifamily housing property acquisition real estate refinancing