Meridian Capital Group, LLC Negotiates $44.4 Million in Financing for Multifamily and Office Properties in Manhattan and Bronx, NY
September 19, 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 $1,000,000 was placed by Meridian on a 6-unit, 5-story multifamily building on East 58th Street in New York, NY. The loan features a rate of 3.97% and a 10-year term. The transaction was negotiated by Shamir Seidman.
Meridian negotiated a new mortgage in the amount of 17,500,000 on a 12-story office building on Park Avenue South in New York, NY. The loan features a rate of 5.50% and a 4-year term. The transaction was negotiated by Morris Diamant.
A new package of mortgages totaling $8,900,000 was placed by Meridian on 6-property multifamily portfolio located throughout Bronx, NY. The loans feature rates of 4.50% and 7-year terms. These transactions were negotiated by David Zlotnick and Chaim Tessler.
Meridian negotiated a new mortgage in the amount of $7,200,000 on a 58-unit, 6-story multifamily building on Cabrini Boulevard in New York, NY. The loan features a rate of 4.00% and a 10-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan.
A new mortgage of $5,325,000 was placed by Meridian on a 92-unit, 5-story multifamily building on Phelan Place in Bronx, NY. The loan features a rate of 4.13% and a 5-year term. The transaction was negotiated by David Hayum and Moe Rosenblum.
Meridian negotiated a new mortgage in the amount of $4,425,000 on a 5-story office building on Broadway in New York, NY. The loan features a rate of 4.25% and a 5-year term. The transaction was negotiated by Ami Levin.
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