Lieberman of Meridian negotiates $20.5m for mixed-use building

Meridian Capital Group recently arranged financing in the amount of $20.5 million for the recapitalization of a multifamily building with ground floor retail located on Seventh Ave. in the borough's Midtown Fashion District. The 13-story building contains 98 apartment units and four retail spaces, which include Steve Madden Footwear, Nextel, and Missha Skincare on the ground floor. Allan Lieberman of Meridian's New York office negotiated to secure a rate of 6%, interest only, over a three-year term. Founded in 1991, Meridian Capital Group LLC is one of the nation's largest mortgage brokerages serving the multifamily and commercial real estate sectors. The company is based in New York City.