Meridian Capital negotiates six mortgages totaling $42.5 million; Includes $13.4 million for a portfolio on West 116th Street

May 21, 2012 - Financial Digest

Joe Taub, Meridian Capital Group, LLC

Meridian Capital Group, LLC has negotiated six finance deals totaling $42.5 million:
* A new $1.47 million mortgage was placed on two four-story multifamily buildings on Humboldt St., Brooklyn. The loan features a rate of 3.25% and a 10-year term. This deal was negotiated by Isaac Filler of Meridian.
* A new $17.2 million mortgage for a 203-unit, eight-story multifamily building on East 161st St., Bronx. The loan features a rate of 3.63% and a 10-year term. Morris Diamant and Jacob Rochlitz of Meridian negotiated this deal.
* A new mortgage of $13.4 million was placed by Meridian on a 12,000 s/f mixed-use portfolio on West 116th St. The loan features a rate of 4% and a five-year term. Scott Assouline of Meridian negotiated this deal.
* A new $3.7 million mortgage for a 49-unit, five-story multifamily building on Fifth Ave. in Brooklyn. The loan features a rate of 3.5% and a 10-year term. This deal was negotiated by Joe Taub of Meridian.
* A new mortgage of $3.5 million was placed by Meridian on a 27-unit, six-story multifamily building on First Ave. The loan features a rate of 3.63% and a 10-year term. Alan Friedman of Meridian negotiated this deal.
* A new $3.2 million mortgage for a 4,900 s/f mixed-use building on East 22nd St. The loan features a rate of 3.56% and a five-year term. This deal was negotiated by Friedman.
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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