Brachfeld of Meridian Capital Group arranges $9.3 million in financing for four multifamily properties

November 21, 2017 - Financial Digest
Mark Brachfeld,
Meridian Capital Group

Manhattan, NY Meridian Capital Group has negotiated $9.3 million in balance sheet financing to refinance four multifamily properties on Manhattan’s Upper West Side neighborhood.
 
The 10-year fixed-rate loan, provided by a balance sheet lender, features a rate of 3.9%. This transaction was negotiated by Meridian vice president, Mark Brachfeld, who is based in the company’s New York City headquarters.
 
The four properties are all located within two blocks of Central Park on attractive tree-lined streets including West 94th St., West 95th St, and West 104th St. In total, the four buildings have 34 units.
 
“These properties offer renters highly desirable homes in the Upper West Side, a neighborhood that has long been one of the most sought-after in Manhattan,” said Brachfeld. “In the area, there are an abundance of new bike lanes in addition to excellent schools and bountiful shops, cafes, and parks all within walking distance.”

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