Meridian secures $13.1 million loan to refinance retail center near Tampa

Two Boca Raton-based vice presidents of Meridian Capital Group negotiated a $13.1 million loan to refinance a shopping center near Tampa.

Eric Trombly and Peter Martz, both based in Meridian’s Boca Raton office, negotiated the loan on behalf of a New York-based client that owns the Shoppes at New Tampa in Wesley Chapel, a northern suburb of Tampa.

The Meridian executives negotiated a 10-year, non-recourse loan featuring a fixed rate of interest and three years of interest-only payments.

“We were able to capitalize on Meridian’s significant transaction volume in the Florida market to arrange a very competitive loan in a volatile interest rate market,” Trombly said in a prepared statement.

The Shoppes at New Tampa is a 68,000-square-foot shopping center at the intersection of Bruce B. Downs Boulevard and Florida State Road 56.

The shopping center’s tenants include Bonefish Grill, First Watch, Jersey Mike’s Subs, Labcorp and Office Depot.