Meridian Capital Group arranges 15M for Somerville property

New York-based Meridian Capital Group has arranged $15 million in construction financing for The Davenport, a four-story multifamily property in Somerville, for developer Robert Weiss of Weiss Properties.New York-based Meridian Capital Group has arranged $15 million in construction financing for The Davenport, a four-story multifamily property in Somerville, for developer Robert Weiss of Weiss Properties.

Meridian Managing Director Shaya Ackerman and Senior Vice President Shaya Sonnenschein negotiated the financing for the transaction.