Filler of Meridian Capital Group arranges $18.5 million in financing on behalf of K & V Realty / 2109 First Avenue Realty

Manhattan, NY Meridian Capital Group, one of America’s most active debt brokers, negotiated an $18.5 million mortgage for the refinance of two contiguous mixed-use properties for principals Shawn Vahdat and Saba Vahdat on behalf of K & V Realty Corp. and 2109 First Avenue Realty Corp. The five-year loan, provided by Suffolk County National Bank, features a fixed-rate of 3.125% and a five-year extension option. This is the largest commercial loan that Suffolk County has written since inception in 1890. This transaction was negotiated by Meridian vice president, Isaac Filler, who is based in the company’s New York City headquarters. The two mixed-use properties, located at 2105 and 2109 First Ave. in East Harlem, total 66 units and 7,500 s/f of retail space. “We are grateful to Meridian for their commitment to fueling our growth and enabling us to build upon our presence in the New York real estate market,” said Saba Vahdat. “Meridian’s deep expertise in New York City, and Harlem in specific, allows the firm to effectively vet transactions and introduce sponsors to the lenders who are most well suited to bid competitively on their loans,” said Filler. “This transaction is a strong example of this dynamic; where Suffolk County National Bank made their largest commercial loan to date, based on their confidence in the sponsors’ experience and long-term commitment to the Harlem marketplace,” he added.