News: Brokerage

Meridian Capital negotiates six new mortgages totaling $44.7 million; Includes $24 million for a 493-unit co-op building by Lieberman

Meridian Capital Group, LLC has arranged six new mortgages totaling $44.7 million. The deals include: * $24 million was placed by Meridian on a 493-unit, 12-story co-op building on East 63rd St. The loan features a rate of 3.96% and a 7-year term. The transaction was negotiated by Allan Lieberman. * $7 million on an 89-unit, six-story multifamily building on Lefferts Blvd. in Kew Gardens. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by Israel Schubert. * $5 million was placed by Meridian on a 47-unit multifamily building on South Center St. in Orange, N.J. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Elliott Birnbaum. * $5.45 million package of mortgages on two multifamily properties totaling 76 apartment units and 4,900 s/f of retail space, located in Queens. The loans feature rates of 4.25% and 10-year terms. The transactions were negotiated by Joseph Taub. * $2.1 million was placed by Meridian on a 43-unit, six-story multifamily building on West 160th St. The loan features a rate of 4.25% and a five-year term. The transaction was negotiated by Shamir Seidman. *$1.15 million on a six-story co-op building on 35th Ave. in Flushing. The loan features a rate of 4% and a seven-year term. The transaction was negotiated by Abe Hirsch and Zev Karpel. Founded in 1991, Meridian Capital Group, LLC 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. www.meridiancapital.com
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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