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Meridian Capital Group Arranges $40M Loan for Drexelbrook Apartments

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The 90- building Drexelbrook Apartments features 1 ,200 residential units in Drexel Hill, Pa. DREXEL HILL, PA. — Meridian Capital Group has arranged a $ 40 million loan for the refinancing of the Drexelbrook Apartments in Drexel Hill. The borrower is William Key, a general partner of Drexelbrook Associates LLC . The 10- year loan features a floating rate of 129 basis points over the one-month LIBOR and interest-only payments for the full term. Drexelbrook Apartments features 90 buildings and more than 1,200 residential units. Jim Bologno and Paul Gilbert of Meridian Capital Group ’s Iselin, N.J., office negotiated the transaction.

Drexelbrook Apartments in Drexel Hill | Drexelbrook Apartments 4812 Drexelbrook Dr, Drexel Hill, PA 19026 Yahoo

5 Amanda H. 04/20/2017 My husband and I moved to Drexelbrook six weeks ago and are glad we did. Our favorite aspect is the nature that surrounds us on our walks around the community. As the seasons change, you can't... more 1 Valentina S. 06/25/2017 Mice everywhere in apartments, leaving poop on my table and almost all people whom I know from these apartments have the same problems and no solutions! 4 Tom M. 11/14/2016 With all apartments, there are positives and negatives. Your situation will differ from others so it's important to weigh all items according to your lifestyle and see if this place is good for... more 2 Ree V. 02/19/2017 1st inspection in four years happened a few weeks ago. Surprised the property manager and maintenance man did not wear booties on shoes when walking through residence. Suggesting that... more 1 Marsha P. 05/25/2016 In July of 2015 the ratings for Drexelbrook Apts were 62% and within months dropped to 48%.The friendly leasing consultant showed ...