Meridian Capital Group

Meridian Capital Group Arranges $6 Million in Permanent Financing for a Multifamily Brownstone Property Located in New York, NY

July 23, 2016

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, negotiated a $6 million loan to refinance a multifamily property located at the corner of East 78th Street and Fifth Avenue in New York, NY.

The ten-year loan, provided by a regional balance sheet lender, features a competitive fixed-rate of 3.30% and interest-only payments for the first five years. This transaction was negotiated by Meridian Capital Group Vice President, Zev Feder, who is based in the Company’s New York City headquarters.

The five-story brownstone property, known as The Barclay Mansion, totals four units and is located at the corner of East 78th Street and Fifth Avenue in Manhattan.

“Many of the lenders who looked at the transaction were unable to lend over $1 million per unit,” said Mr. Feder. “Meridian was able to negotiate the balance sheet financing with a local lender who understood the value of this very desirable location,” he added.
 

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

Featuring:
Zev Feder
Senior Vice President
Origination
(212)612-0140
[email protected]
Recent Articles | Back to News

NYC Retail Market Wakes Up in a Daze After Smoke Shop Day of Reckoning

Press Release
July 23, 2016

Meridian Arranges $23M Financing for NJ Resi Development 

Press Release
July 23, 2016

2024 Ones to Watch Industry Leaders: Ben Biberaj, Meridian Retail Leasing

Press Release
July 23, 2016

Meridian Retail Leasing Closes First Quarter with a Bang

Press Release
July 23, 2016

Is New York City still a viable investment option? - by Shallini Mehra

Press Release
July 23, 2016

Team Betesh arranges $110 million in financing to refinance an office property in Stamford

Press Release
July 23, 2016