Meridian Capital Group, LLC Negotiates $28.7 Million in Financing for Multifamily Properties in Manhattan, Brooklyn, Bronx and Dutchess County, NY
November 1, 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 $1,100,000 was placed by Meridian on a 16-unit, four-story multifamily building on Prospect Place in Brooklyn, NY. The loan features a rate of 3.79% and a 5-year term. This transaction was negotiated by Isaac Filler.
Meridian negotiated a new mortgage in the amount of $12,000,000 on a 206-unit multifamily building on Albany Post Road in Hyde Park, NY. The loan features a rate of 4.00% and a 5-year term. This transaction was negotiated by Isaac Filler.
A new mortgage of $4,740,000 was placed by Meridian on a 67-unit, six-story multifamily building on East Kingsbridge Road in Bronx, NY. The loan features a rate of 4.00% and a 10-year term. This transaction was negotiated by Avi Weinstock and Chaim Tessler.
Meridian negotiated a new mortgage in the amount of $3,700,000 on a 25-unit, six-story multifamily building on Second Avenue in New York, NY. The loan features a rate of 4.00% and a 5-year term. This transaction was negotiated by Carol Shelby and Dani Sabesan.
A new mortgage of $4,500,000 was placed by Meridian on a 24-unit, four-story multifamily building on Rogers Avenue in Brooklyn, NY. The loan features a rate of 3.85% and a 5-year term. This transaction was negotiated by Morris Diamant and Jacob Rochlitz.
Meridian negotiated a new mortgage in the amount of $2,650,000 on a 50-unit, five-story multifamily building on Bank Street in New York, NY. The loan features a rate of 3.99% and a 10-year term. This transaction was negotiated by Jacob Nefoussi.
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