Meridian Capital Group, America’s most active dealmaker, announced today that Morris Betesh, Justin Boruchov, and their team of four analysts and junior brokers have joined the firm to focus on mortgage and mezzanine financing in New York City and beyond.
Mr. Betesh and Mr. Boruchov join Meridian after partnering together at Massey Knakal / Cushman & Wakefield. During that time, they led the firm’s top financing team in New York City, where they closed over 400 financing transactions across all property types including multifamily, office, retail, construction, predevelopment and land loans. Mr. Betesh and Mr. Boruchov have brokered a significant portfolio of financings across the five boroughs of New York City, with a high concentration in Manhattan, Bushwick, Williamsburg, Crown Heights and Long Island City. The team completed several complex and record-breaking transactions, including the financings of the 2 Court Square in Queens, the 100,000 square foot warehouse-to-office conversion of 215 Moore Street in Bushwick, the acquisition/predevelopment loan allowing for the repurposing of St. Luke’s hospital in Morningside Heights, and 15 Park Row in Manhattan. Mr. Betesh was awarded the REBNY Most Promising Commercial Sales Person of the Year award in 2015, sits on REBNY’s Finance Committee, and has been featured twice in the Commercial Observer’s Top 25 Under 35 list.
“Mr. Betesh and Mr. Boruchov embody the ethics, ideals and unrelenting dedication to client service that are the pillars of the Meridian brand,” said Ralph Herzka, Meridian’s Chairman and Chief Executive Officer. “We are truly thrilled to welcome people with their work ethic and expertise into the Meridian family and we feel that their outstanding past achievements coupled with Meridian’s exceptional platform and market position will result in even greater future success.”
In their new roles, Mr. Betesh, Mr. Boruchov and their team will focus on expanding their growing book of mortgage and mezzanine financing across various property and borrower types. “Our team is excited for the next great chapter in our evolution,” said Mr. Betesh. “Combining our tireless, creative approach with Meridian’s superior market intelligence, lender relationships, and standards of excellence will allow us to optimize client service like never before.
“I am delighted to welcome to Meridian people as accomplished and well respected as Morris, Justin and the entire team,” said Yoni Goodman, who serves as President of Meridian’s investment sales division and has other management responsibilities across the firm. “Despite a fiercely competitive financing environment, this team has developed an extraordinary track record by delivering a premium service to their clients across a variety of transaction types and submarkets. Their loyal client relationships and unyielding drive to outperform exemplify the virtues that have made Meridian the region’s leading debt capital markets firm.”
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