Meridian Capital Group, LLC Negotiates $109.7 Million in Financing for Office, Co-Op and Multifamily Properties in Manhattan, Brooklyn, Queens and Nassau County, NY
July 8, 2011, New York, NY — Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:
A new mortgage of $40,000,000 was placed by Meridian on a 240-unit, 6-story multifamily building on Grand Central Parkway in Little Neck, NY. The loan features a rate of 4.28% and a 5-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan.
Meridian negotiated a new mortgage in the amount of $25,000,000 on a 13-story, 255,150 square foot office building on Queens Boulevard in Flushing, NY. The loan features a rate of 4.38% and a 15-year term. The transaction was negotiated by Avi Weinstock.
A new mortgage of $25,000,000 was placed by Meridian on a 249-unit, 19-story co-op building on Riverside Drive in New York, NY. The loan features a rate of 4.80% and a 10-year term. The transaction was negotiated by Steve Geller and Nicoletta Pagnotta.
Meridian negotiated a new mortgage in the amount of $12,000,000 on a 6-story, 57,000 square foot office building on Spring Street in New York, NY. The loan features a rate of 4.58% and a 7-year term. The transaction was negotiated by Cary E. Pollack and Charles Grussgott.
A new mortgage of $5,215,000 was placed by Meridian on a 65-unit, 6-story multifamily building on Ocean Parkway in Brooklyn, NY. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Jacob Schmuckler and Joseph Taub.
Meridian negotiated a new mortgage in the amount of $2,500,000 on a 66-unit, 6-story multifamily building on Lenox Road in Brooklyn, NY. The loan features a rate of 4.00%. The transaction was negotiated by Avi Weinstock.
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