Meridian Capital Group negotiates $67.25 million

November 22, 2010 - Financial Digest

Avi Weinstock, Meridian Capital Group

Chaim Tessler, Meridian Capital Group

Cary Pollack, Meridian Capital Group

Carol Shelby, Meridian Capital Group

Joseph Taub, Meridian Capital Group

Jeffrey Weinberg, Meridian Capital Group

Moshe Majeski, Meridian Capital Group

Allan Lieberman, Meridian Capital Group

According to Meridian Capital Group, LLC, it has completed the following transactions:

A new mortgage of $13 million was placed by Meridian on a 172-unit, 6-story multifamily building on Holland Ave., Bronx. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by Avi Weinstock and Chaim Tessler.
Meridian negotiated a new mortgage in the amount of $9 million on an 8-story mixed-use building on Ludlow St. The loan features a rate of 4.82% and a 10-year term. The transaction was negotiated by Cary Pollack and Nicoletta Pagnotta.
A new mortgage of $7 million was placed by Meridian on a 100-unit, 6-story mixed-use building on Fourth Ave. in Brooklyn. The loan features a rate of 4.77% and a 10-year term. The transaction was negotiated by Carol Shelby.
Meridian negotiated a new mortgage in the amount of $3.7 million on a 29-unit, 5-story multifamily building on Jane St. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by Weinstock and Tessler.
A new mortgage of $2.8 million was placed by Meridian on a 26-unit, 5-story multifamily building on East 21st St. The loan features a rate of 4.45% and a 5-year term. The transaction was negotiated by Isaac Filler.
Meridian negotiated a new mortgage in the amount of $1.45 million on an 80-unit, 6-story co-op building on Lamont Ave. in Elmhurst. The loan features a rate of 4.5% and a 10-year term. The transaction was negotiated by Ami Levin.
A new mortgage of $16 million was placed by Meridian on two 6-story multifamily buildings totaling 136 units on Austin St. in Flushing. The loan features a rate of 4.5% and a 10-year term. The transaction was negotiated by Joseph Taub.
Meridian negotiated a new mortgage in the amount of $5 million on a 47-unit, 4-story multifamily building on 45th Ave. in Long Island City. The loan features a rate of 4.5% and a 7-year term. The transaction was negotiated by Jeffrey Weinberg and Jack Adler.
A new mortgage of $2.9 million was placed by Meridian on a 50-unit, 16-story co-op building on Park Ave. The loan features a rate of 4.36% and a 10-year term. Steve Geller and Moshe Majeski negotiated this transaction.
Meridian negotiated a new mortgage in the amount of $2.8 million on a 22-unit, 5-story multifamily building on Luquer St. in Brooklyn. The loan features a rate of 4.48% and a 7-year term. The transaction was negotiated by Filler.
A new mortgage of $2.3 million was placed by Meridian on a 25-unit, 4-story multifamily building on Sidney Pl. in Brooklyn. The loan features a rate of 4.5% and a 10-year term. The transaction was negotiated by Shelby.
Meridian negotiated a new mortgage in the amount of $1.3 million on a 23-unit, 4-story multifamily building on 15th Ave. in Brooklyn. The loan features a rate of 4.55% and a 5-year term. The transaction was negotiated by Allan Lieberman.
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.

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