Meridian Capital Group, LLC Negotiates $34.6 Million in Financing for Multifamily Properties in Manhattan, Brooklyn and Queens, NY
August 9, 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 $1,500,000 was placed by Meridian on a 21-unit, 4-story multifamily building on Van Cleef Street in Queens, NY. The loan features a rate of 3.61% and a 5-year term. The transaction was negotiated by Morris Diamant and Joe Klein.
Meridian negotiated a new mortgage in the amount of $10,600,000 on a 36-unit, 9-story multifamily building on Park Avenue South in New York, NY. The loan features a rate of 4.00% and a 5-year term. The transaction was negotiated by Allan Lieberman.
A new mortgage of $7,700,000 was placed by Meridian on a 40-unit, 5-story multifamily building on MacDougal Street in New York, NY. The loan features a rate of 4.25% and a 5-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan.
Meridian negotiated a new mortgage in the amount of $5,850,000 on an 86-unit, 6-story multifamily building on East 18th Street in Brooklyn, NY. The loan features a rate of 4.63% and a 10-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan.
A new mortgage of $5,500,000 was placed by Meridian on a 6-story multifamily building composed of 39 apartments and 6 ground floor retail spaces located on Westminster Road in Brooklyn, NY. The loan features a rate of 4.00% and a 5-year term. The transaction was negotiated by Allan Lieberman.
Meridian negotiated a new mortgage in the amount of $3,400,000 on a 27-unit, 5-story multifamily building on Pinehurst Avenue in New York, NY. The loan features a rate of 3.97% and a 5-year term. The transaction was negotiated by Max Herzog and Josh Rhine.
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