Meridian Capital Group arranges $24 million in bridge financing for in-construction property

New York, NY Meridian Capital Group arranged $24 million in financing to refinance a development on Sherman Ave.

The 30-month loan features a prime-based rate and was negotiated by Meridian vice presidents Eli Serebrowski and Eli Finkel, who are based in the company’s New York City headquarters.

“The sponsor is an extremely experienced developer who has built many buildings in the New York area. He tasked us with getting the best terms possible and to close very quickly. His comment to us at closing was that he has never had a more pleasant experience with a construction loan before, both on the banks side and with the brokers. It was a smooth, clean and transparent process,” said Serebrowski.

Tags: Brokerage

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

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