Meridian Capital Secures $16 Million Refinancing for Retail Center in El Segundo

by Katie Sloan

El Segundo, Calif.— Meridian Capital Group has secured a $16 million refinancing for The Hub – El Segundo, a retail property located in El Segundo, on behalf of Decron Properties.

Seth Grossman and Jackie Tran of Meridian Capital Group negotiated the seven-year loan, provided by a life insurance company, which features an extended period of interest-only payments followed by a 30-year amortization schedule. In-N-Out Burger, El Pollo Loco, Anytime Fitness and FedEx are tenants at the 37,000-square-foot property, which was built in 1990 and renovated in 2016.

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