Bank Hapoalim Lends $25M on Dumbo Condo Project
Tankhouse’s Sam Alison-Mayne and Sebastian Mendez have nabbed $25 million in construction financing to build a new condominium development in Brooklyn’s Dumbo neighborhood, Commercial Observer has learned.
Meridian Capital Group negotiated the debt deal for the ground-up construction of 219 Jay Street with a team that included Senior Managing Director Adam Hakim and Senior Vice President James Murad.
Meridian Lines Up $77M Construction Loan on Miami Luxury Rentals
Meridian Capital Group arranged $77.1 million in construction financing on behalf of Alta Developers for the ground-up development of CREST at Pinecrest, an 18-story, 296-unit luxury multifamily tower in Miami. The construction loan from a national debt fund features full-term interest-only payments.
Meridian Capital Group Arranges $9.5 Million in Acquisition Financing for a Retail Condominium on Second Ave. in Manhattan
New York, NY – Meridian Capital Group, America’s most active dealmaker, arranged $9.5 million in acquisition financing for the purchase of the retail condominium located at 119 Second Ave. in New York, NY on behalf of Premier Equities.
Meridian Arranges Acquisition Loan for Retail Condo
Meridian Capital Group arranged $9.5 million in acquisition financing for the purchase of a retail condominium, located at 119 Second Ave. between Cooper Square and the East Village, on behalf of Premier Equities. The 6,400-square-foot condo is tenanted by Bank of America.
Meridian’s Team Doshi Closes Sale of Rent-Stabilized Morris Heights Property
Meridian’s Amit Doshi and Shallini Mehra recently closed on the sale of 1893 Andrews Avenue So., also known as 130-136 W. Burnside Ave. a six-story corner building in the Bronx’s Morris Heights neighborhood. It sold for $8.04 million at a 5.9% cap rate.
Mazzella’s Market Buildings Sell for $20.6M to Chestnut Holdings
The former Hell’s Kitchen site of Mazzella’s Market has sold for $20.6 million, Commercial Observer has learned.
The five adjacent buildings spanning 45,548 square feet at 692, 694, 696, 698 Ninth Avenue and 356 West 48th Street will now be under the ownership of Chestnut Holdings, which paid about $453 per foot, according to Meridian’s Amit Doshi and Shallini Mehra, who brokered the deal for the sellers, the Mazzella family.
ICER Properties Acquires Six GA Multifamilies with $130M Meridian-Arranged Loan
ICER Properties has acquired six multifamily properties in GA with $130 million in acquisition financing arranged by Meridian Capital Group. The 36-month loan features a LIBOR-based rate with the lender funding a capital improvement program.