Meridian Capital Group, LLC Negotiates $46.5 Million in Financing for Multifamily, Cond-Op and Retail Condominium Properties in Manhattan, Brooklyn, Queens, Bronx and Yonkers, NY
December 16, 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 $4,400,000 was placed by Meridian on a 57-unit multifamily building on Saint Andrews Place in Yonkers, NY. The loan features a rate of 3.64% and a seven-year term. The transaction was negotiated by Benjamin Klugman.
Meridian negotiated a new mortgage in the amount of $16,700,000 on a six-story multifamily building on Spencer Street in Brooklyn, NY. The loan features a rate of 3.93% and a seven-year term. The transaction was negotiated by Jacob Schmuckler and Zev Karpel.
A new mortgage of $11,000,000 was placed by Meridian on a 377-unit, 27-story cond-op building on Queens Boulevard in Kew Gardens, NY. The loan features a rate of 4.25% and a seven-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan.
Meridian negotiated a new mortgage in the amount of $6,500,000 on a 96-unit, six-story multifamily building on Grand Concourse in Bronx, NY. The loan features a rate of 3.75% and a five-year term. The transaction was negotiated by Avi Weinstock.
A new mortgage of $5,300,000 was placed by Meridian on a commercial condominium on Greene Street in New York, NY. The loan features a rate of 4.00% and a five-year term. The transaction was negotiated by Cary E. Pollack.
Meridian negotiated a new mortgage in the amount of $2,550,000 on a four-story multifamily building on Allen Street in New York, NY. The loan features a rate of 3.67% and a five-year term. The transaction was negotiated by Scott Assouline.
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