Meridian Capital Group negotiated $19.9 million in bridge financing for the acquisition of the Ivy Park Homes, a multifamily property in Chicago.
The transaction was negotiated by Meridian senior vice president, David Hayum, who is based in New York City.
The Ivy Park Homes is a rental community located on the South Side of Chicago and sits on 80 acres of landscaped grounds. Each unit features a modern kitchen, washer and dryer connections, ceiling fans and hardwood floors.
