Meridian Capital Group negotiates six mortgages totaling $78.4 million
March 12, 2012 - Brokerage
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, has completed the following six mortgages totaling $78.4 million:
* A new mortgage of $5.05 million was placed by Meridian on a 77-unit, six-story multifamily building on Ocean Ave. in Brooklyn. The loan features a rate of 3.75% and a 10-year term. The transaction was negotiated by Zev Karpel and Jacob Fishbein.
* Meridian negotiated a new mortgage in the amount of $35 million on a 95-unit, 20-story multifamily building on East 46th St. in New York. The loan features a rate of 4% and a 10-year term. The transaction was negotiated by Israel Schubert and Scott Jackson.
* A new leasehold mortgage of $11.2 million was placed by Meridian on a six-story office building on Lafayette St. The loan features a rate of 4.04% and a seven-year term. The transaction was negotiated by Allan Lieberman.
* Meridian negotiated a new mortgage in the amount of $13.75 million on an 86-unit, 10-story mixed-use building on East 35th St. The loan features a rate of 3.8% and a five-year term. The transaction was negotiated by Scott Assouline.
* A new mortgage of $7.1 million was placed by Meridian on a 20-unit, four-story office building on Queens Blvd. in Long Island City. The loan features a rate of 3.9% and a five-year term. The transaction was negotiated by David Hayum and Moe Rosenblum.
* Meridian negotiated a new mortgage in the amount of $6.25 million on a 25-unit, six-story mixed-use building on Ave. C. The loan features a rate of 4% and a 10-year term. The transaction was negotiated by Cary Pollack.
Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com