Meridian Capital Group, LLC Negotiates $82.4 Million in Financing for Office, Mixed-Use, Co-Op and Multifamily Properties in Manhattan, Brooklyn, Queens and Westchester County, NY
July 13, 2011, New York, NY — Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:
A new package of mortgages totaling $9,790,000 was placed by Meridian on two multifamily buildings with 121 units on East 83rd Street and East 86th Street in New York, NY. The loans feature rates of 4.25% and 15-year terms. The transaction was negotiated by Judah Hammer.
Meridian negotiated a new package of mortgages totaling $25,000,000 on a 13-story 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.
A new mortgage of $15,000,000 was placed by Meridian on a 102-unit, 13-story mixed-use building on West 47th Street in New York, NY. The loan features a rate of 4.90% and a 10-year term. The transaction was negotiated by Jeff Weinberg and Jack Adler.
A new mortgage of $4,250,000 was placed by Meridian on a 54-unit multifamily building on Clinton Place in New Rochelle, NY. The loan features a rate of 4.38% and a 3-year term. The transaction was negotiated by David Zlotnick and Chaim Tessler.
A new mortgage of $3,000,000 was placed by Meridian on a 70-unit multifamily building on Willoughby Avenue in Brooklyn, NY. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by Cary E. 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