Hammer of Meridian finances $6 million for 3099 Brighton 6th Street; 15-year self-liquidating loan for 96-unit property

New York, NY Meridian Capital Group, one of America’s most active debt brokers, negotiated $6 million in financing for a multifamily property. The 15-year self-liquidating loan, provided by a local balance sheet lender, features a competitive fixed-rate of 3.38%. This transaction was negotiated by Meridian Capital Group vice president, Judah Hammer, who is based in the company’s New York City headquarters. The six-story, 96-unit property is located at 3099 Brighton 6th St. in the increasingly popular Brighton Beach waterfront neighborhood of Brooklyn. “Based on both Meridian and the lenders’ familiarity with the area and the property, Meridian was able to negotiate a highly favorable fixed-rate and terms for this 15-year mortgage,” said Hammer.