Meridian Capital Group

Meridian Capital Group Negotiates $108.5 Million in Financing for Mixed-Use, Multifamily and Cooperative Properties in New York, Brooklyn, Queens and Bronx, NY

March 11, 2016

New York, NY – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:

Meridian negotiated a new mortgage in the amount of $2,400,000 on a 42-unit, six-story multifamily building on Avenue J in Brooklyn, NY. The loan features a rate of 3.00% and a 10-year term. Carol Shelby and Dani Sabesan negotiated this transaction.

A new mortgage of $68,500,000 was placed by Meridian on eight multifamily buildings totaling 499 units located in the Greenwich Village, Upper West Side, Morningside Heights and Hamilton Heights neighborhoods of New York, NY. The loan features a rate of 3.13% and a 10-year term. Carol Shelby and Dani Sabesan negotiated this transaction.

Meridian negotiated a new mortgage in the amount of $16,000,000 on a 152-unit mixed-use building with 5,000 square feet of retail space on 1700 Grand Concourse in Bronx, NY. The loan features a rate of 3.38% and a seven-year term. Jeff Weinberg and Rael Gervis negotiated this transaction.

A new mortgage of $15,150,000 was placed by Meridian on seven multifamily buildings totaling 330 units located on Saint James Avenue in Elmhurst, NY and 31st Street in Astoria, NY. The loan features a 10-year fixed-rate term at 3.59% with payments of interest-only. Avi Weinstock and Josh Rhine negotiated this transaction.

Meridian negotiated a new mortgage in the amount $4,200,000 on two multifamily buildings totaling 16 units located on Amsterdam Avenue in New York, NY. The loan features a rate of 3.00% and a 10-year term. Carol Shelby and Dani Sabesan negotiated this transaction.

A new mortgage of $2,200,000 was placed by Meridian on a 124-unit, six-story cooperative building on Ocean Avenue in Brooklyn, NY. The loan features a rate of 3.75% and a 10-year term. Jacob Schmuckler negotiated this transaction.

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, Arizona 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

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:
Jeff Weinberg
Executive Vice President
Senior Management
(212)612-0220
[email protected]
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