Meridian Capital Group Arranges $22.2 Million Loan for Fractured Multifamily Condo Portfolio in Atlanta, GA

PR Newswire
Monday, August 11, 2025 at 11:14am UTC

Meridian Capital Group Arranges $22.2 Million Loan for Fractured Multifamily Condo Portfolio in Atlanta, GA

PR Newswire

ATLANTA, Aug. 11, 2025 /PRNewswire/ -- Meridian Capital Group, a leading national commercial real estate finance and advisory firm, has arranged $22.2 million in financing for a fractured condominium portfolio located at 232 19th Street NW in Atlanta, GA.

The portfolio, known as Trantor Atlantic Lofts, consists of 115 residential units within a 155-unit condominium complex. Situated in the heart of Atlantic Station, a vibrant live-work-play district just west of Midtown and near Georgia Tech, the property offers residents access to premier retail, dining, and entertainment—including iconic venues like the Millennium Gate Museum.

Meridian secured the financing on behalf of Trantor Realty through Encore Finance, with favorable terms that include a five-year fixed rate and full-term interest-only payments.

The financing was arranged by Benjamin Klugmann, Senior Vice President at Meridian Capital Group, who led the transaction, alongside Vice President, Tzvi Krieger.

"This was one of those deals that, on paper, looked nearly impossible," said Klugmann. "A fractured condo in a non-core market presents a unique set of challenges, but we canvassed the market and negotiated terms that aligned with the sponsor's vision. Every deal is unique; but this one required precision, creativity, and deep lender relationships."

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/meridian-capital-group-arranges-22-2-million-loan-for-fractured-multifamily-condo-portfolio-in-atlanta-ga-302526378.html

SOURCE Meridian Capital Group LLC