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Meridian Capital Group arranged $186,000,000 in construction financing for Lido Oceanfront Residences, a new luxury condominium development located at 1201 Ocean Ave. N. in Asbury Park, NJ, on behalf of Inspired by Somerset Development. The loan was provided by Madison Realty Capital and was arranged by Meridian’s David Bollag and James Darling. Lido Oceanfront Residences will deliver 112 for-sale residences ranging from…
Pamela de la Fuente is a managing editor of NerdWallet’s personal finance content. She leads budgeting, money-making, consumer credit and and debt coverage. Ask her and her talented team about why credit scores matter, how to save money on your grocery bill, finding the right side hustle, how to protect your identity for free and…
Across the country and at nearly every level of government, lawmakers are embracing an unconventional solution for affordable housing: allowing churches, synagogues, and other houses of worship to build homes on their land. It’s part of a growing national movement known as Yes in God’s Backyard, or YIGBY. Positioned as a counterpoint to Not in…
When a rental building in West Harlem was listed for $1.375 million, Jay Martin flagged it. “Less than the price of a Kia Telluride,” he tweeted. “$57,000 per unit.” Martin wasn’t marketing the property. The New York Apartment Association exec was noting the devaluation of rent-stabilized buildings and mocking the claim that “the tenants can…
Americans got some relief at the gas pump in recent weeks, enough to slow down inflation. That might not last long as the U.S. and Iran continue to vie for control of the Strait of Hormuz.