Meridian Capital Group

About Meridian Capital Group

Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US. They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans. They will make loans on numerous property types, including multi-family units, apartment buildings, office buildings, retail units, hotels and motels, storage facilities, senior communities, mixed use spaces, raw land, churches, warehouses, industrial buildings, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Meridian Capital Group

Below are the general loan guidelines published on the Meridian Capital Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Meridian Capital Group.

Loan Example 1

Seth is a small business owner in Oxnard, CA. He decides to purchase a new warehouse for his company but he isn't able to get a standard loan from his bank because of his low FICO score. He looks to Meridian Capital Group for a commercial private money loan in order to close the transaction. Because the borrower and lender contract to a 80% loan-to-value (LTV), Seth will bring $80,000 at the closing and the loan principle amount will be $320,000 because the price of the building is $400,000. The loan also includes a 18 month term, a 10% rate of interest, interest-only payments paid each month with a final payment when the note expires (without a pre-payment penalty), and a 5 point origination fee. Seth will pay the origination fee of $16,000 and he will then begin to make the interest payments of $2,667 ($320,000 principle x 10% interest / 12 months per year). He can re-pay the note early if he chooses because there isn't a pre-payment penalty but he will be responsible for paying off the principle whenever he concludes the loan.

Loan Example 2

Emilia takes a hard money bridge loan from Meridian Capital Group in order to rehab a townhouse to resell in Sacramento, CA. The deal has the following terms:

$180,000 sales price
80% loan-to-value (LTV)
6 month term
10% interest rate
3% origination fee

Emilia intends to list the house when the note expires for $234,000. If she accomplishes her goal, the final numbers will be as follows:

$234,000 sales price
- $144,000 note principle (80% LTV)
- $36,000 down payment (20% on 80% LTV)
- $4,320 origination points (3% of the $144,000 principle)
- $7,200 interest payments (6 months x 10% interest)
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= $42,480 gross profit (does not include taxes or rehab costs)

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