NEW YORK—Meridian Capital Group LLC has negotiated a $48 million loan to refinance 127 West 25th Street in Manhattan.

The 10-year CMBS loan was provided by Jefferies LoanCore as part of a recapitalization plan for the asset, a fully leased 12-story, 108,000-sq.-ft. office property.

The transaction was negotiated by Meridian Capital Group’s Reuven Hellman, managing director, Alan Friedman, vice president, and Shamir Seidman, vice president.

The property currently serves as the headquarters for the Bowery Residence Committee (BRC).