Meridian Capital negotiates six new mortgages totaling $86.2 million

Meridian Capital Group, LLC has arranged six new mortgages totaling $86.2 million: * A new mortgage of $5 million on a 63-unit, five-story multifamily building located on North Long Beach Ave. in Freeport. The loan features a rate of 3.25% and a 10-year term. Meridian's Carol Shelby and Dani Sabesan negotiated this transaction. * New mortgages totaling $55.775 million were placed by Meridian on 10 multifamily buildings composed of 213 units and 14 ground floor retail stores that total 15,000 s/f. The loans feature rates of 3.38% and 12-year terms. Meridian's Aaron Birnbaum and Shelby negotiated these transactions. * A new mortgage in the amount of $14.5 million on a 51-unit, five-story mixed-use building containing 8,585 s/f of commercial space located on DeKalb Ave. in Brooklyn. The loan features a rate of 3.5% and a seven-year term. Meridian's Charles Grussgott negotiated this transaction. * A new mortgage of $4.5 million was placed by Meridian on a 98-unit, 16-story cooperative building located on Sixth Ave. The loan features a rate of 3.75% and a 10-year term. Meridian's Steve Geller and Avi Geller negotiated this transaction. * A new blanket mortgage of $3.25 million on two multifamily buildings totaling 69 units located on West 125th St. and Saint Nicholas Ave. The loan features a rate of 3.63%, a 10-year term and contains subordinate debt. This transaction was negotiated by Meridian's Alan Friedman and Daniel Blumenthal. * A new mortgage in the amount of $3.2 million on a 63-unit, six-story multifamily building located on Woodycrest Ave. in the Bronx The loan features a rate of 3.38% and a 12-year term. Grussgott negotiated this transaction.