Hirsch and Karpel of Meridian Capital arrange $60.4 million acquisition financing

On behalf of a private investment group led by David Berley, the chairman of Walter & Samuels Inc., Meridian Capital Group has arranged $60.4 million in financing for a commercial property located at 80-88 West End Ave. This is a highly structured loan with various pieces of debt and equity. Constructed in 1921, 80-88 West End Ave. is a pre-war building that contains seven stories and has 250,000 s/f of rentable office space leased to credit tenants. Abe Hirsch and Zev Karpel of Meridian's New York office negotiated on behalf of the borrowers, working with Peter Weiss, director of acquisitions at Walter & Samuels.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.