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Posted: June 13, 2011
Meridian Capital negotiates six new mortgages totaling $47.7 million; Includes a $20 million loan for a 12-story building by Hayum
Meridian Capital Group, LLC, has arranged six mortgages totaling $47.7 million. The deals include the following:
* A new mortgage of $10.1 million was placed by Meridian on a 76-unit, 10-story multifamily building on Lafayette Ave. in Brooklyn. The loan features a rate of 3.75% and a five-year term. The transaction was negotiated by Scott Assouline.
* A new mortgage in the amount of $20 million on a 12-story office building on West 35th St. The loan features a rate of 5.94% and a 10-year term. The transaction was negotiated by David Hayum.
* A new mortgage of $5.3 million was placed by Meridian on a 20-unit, six-story mixed-use building on East 2nd St. The loan features a rate of 4.50% and a 10-year term. The deal was negotiated by Assouline.
* A new package of mortgages totaling $5.15 million on a six building multifamily portfolio totaling 360 units in Bronx and Manhattan. The loans feature rates of 4.5% and seven-year terms. These transactions were negotiated by David Zlotnick and Chaim Tessler.
* A new mortgage of $4.8 millionwas placed by Meridian on a 72-unit, six-story multifamily building on Ocean Ave. in Brooklyn. The loan features a rate of 4.75% and a seven-year term. The transaction was negotiated by Jacob Schmuckler.
* A new mortgage of $2.35 million on a 43-unit, six-story multifamily building on Frisby Ave. in the Bronx The loan features a rate of 4.25% and a five-year term. The transaction was negotiated by Hayum.
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
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