Meridian Capital Group, LLC Negotiates $46.1 Million in Financing for Multifamily, Retail and Co-Op Properties in Manhattan, Brooklyn and Queens, NY
October 25, 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 $1,480,000 was placed by Meridian on a 24-unit, seven-story multifamily building on West 26th Street in New York, NY. The loan features a rate of 3.50% and a 5-year term. The transaction was negotiated by Avi Weinstock.
Meridian negotiated a new mortgage in the amount of $25,000,000 on a 21-story co-op property located in the Lower East Side neighborhood in New York, NY. The loan features a rate of 4.00% and a 10-year term. The transaction was negotiated by Avi Weinstock.
A new mortgage of $8,000,000 was placed by Meridian on a 2,800 square foot retail condominium on Broadway in the Soho neighborhood in New York, NY. The loan features a rate of 3.60% and a 5-year term. The transaction was negotiated by Cary E. Pollack.
Meridian negotiated a new mortgage in the amount of $4,650,000 on a 10-unit, six-story multifamily building on East 14th Street in New York, NY. The loan features a rate of 3.62% and a 5-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan.
A new mortgage of $3,640,000 was placed by Meridian on a 13-unit, four-story multifamily building on Keap Street in Brooklyn, NY. The loan features a rate of 3.67% and a 5-year term. The transaction was negotiated by Michael Kesselman.
Meridian negotiated a new mortgage in the amount of $3,300,000 on a 10,400 square foot retail building on Jamaica Avenue in Jamaica, NY. The loan features a rate of 3.70% and a 5-year term. The transaction was negotiated by Benjamin Klugman.
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