News: Brokerage

Meridian Capital Group negotiates $60.7 million in financing

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $60.7 million: * A new mortgage of $1.3 million on a four-story, 10-unit multifamily property located on Jefferson Ave. in Brooklyn. The loan features a rate of 3.18% and a five-year term. This transaction was negotiated by Jacob Schmuckler and Sam Shifer. * New mortgages totaling $24 million on two mixed-use properties composed of 101 units and 9,760 s/f of retail space located on Seventh Ave. and Broadway. These loans feature rates of 3.25% and five-year terms. Jeffrey Weinberg and Simon Rosenfeld negotiated these transactions. * New mortgages totaling $19.9 million on five multifamily properties composed of 201 units located in the Prospect Park South, Borough Park and South Slope neighborhoods of Brooklyn. These loans feature rates of 3.25% and five-year terms. Charles Grussgott negotiated these transactions. * New mortgages totaling $10.455 million on five multifamily properties composed of 63 units located on West 115th St. These loans feature rates of 3.25% and five-year terms. Scott Assouline and Isaac Lifshitz negotiated these transactions. * A new mortgage of $3.3 million on a five-story, 20-unit multifamily property located on Cortelyou Rd. in Brooklyn. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by Morris Diamant and Tzvi Krieger. * A new mortgage in the amount of $1.7 million on a four-story, six-unit mixed-use property located on Stuyvesant Ave. in Brooklyn. The loan features a rate of 3.25% and a five-year term. Isaac Filler and Sam Shifer negotiated this transaction.
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