News: Brokerage

Meridian Capital negotiates five mortgages totaling $44.075 million; Includes a $29.575 million mortgage package by Assouline

Meridian Capital Group, LLC has completed the following five mortgages totaling $44.075 million: * A $1.3 million new mortgage was placed for a 30-unit, six-story multifamily building on Third Ave. The loan features a rate of 3.60% and a five-year term. The transaction was negotiated by Avi Weinstock and Josh Rhine. * A new package of mortgages totaling $29.575 million on two multifamily buildings totaling 230-units on Wetherole St. in Flushing Broadway. The loans feature rates of 4.25% and 10-year terms. The transactions were negotiated by Scott Assouline. * A $7.5 million new mortgage was placed for a 67-unit, seven-story multifamily building on Macnish St., Elmhurst. The loan features a rate of 4.25% and a 10-year term. The deal was negotiated by Assouline. * A $3.6 million new mortgage was placed for a 20-unit, six-story multifamily building on First Ave. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by David Zlotnick and Chaim Tessler. * A $2.1 million new mortgage was placed on a 49-unit, six-story multifamily building on Isham St. The loan features a rate of 4.5% and a seven-year term. The transaction was negotiated by David Hayum and Moe Rosenblum. Founded in 1991, Meridian Capital Group is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of