Meridian arranges $34.2 million for mixed-use and multifamily properties; Birnbaum and Shelby finance $8.9 million for 40-unit building

February 24, 2014 - Front Section

Aaron Birnbaum, Meridian Capital Group, LLC

Carol Shelby, Meridian Capital Group, LLC

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following mortgages totaling $34.2 million:
* A new mortgage of $8.9 million on a 40-unit, six-story mixed-use building located on East End Ave. The loan features a rate of 3% and a 10-year term. Aaron Birnbaum and Carol Shelby negotiated this transaction.
* New mortgages totaling $12.9 million on seven multifamily properties totaling 53 units located on Willow St., Pacific St., Hicks St., Henry St. and Pineapple St. in Brooklyn. The loans feature rates of 3.25% and 12-year terms. Benjamin Klugman negotiated these transactions.
* New mortgages totaling $4.05 million on two multifamily properties composed of 84 units located on West 190th St. and West 175th St. The loans feature rates of 3.5% and 12-year terms. Allan Lieberman and Asher Haft negotiated these transactions.
* New mortgages totaling $4.15 million on two multifamily properties totaling 59 units located on West 11th St. and Hart St. in Brooklyn. The loans feature rates of 3.25% and five-year terms. Judah Hammer and Daniel Neiss negotiated these transactions.
* A new mortgage of $2.125 million on a four-unit, three-story multifamily building located on Montrose Ave. in Brooklyn. The loan features a rate of 3.13% and a 10-year term. Isaac Filler and Sam Shifer negotiated this transaction.
* A new mortgage of $2.1 million on an 18-unit, four-story multifamily building located on Malcolm X Blvd. in Brooklyn. The loan features a rate of 3.25% and a 10-year term. Filler and Shifer negotiated this transaction.
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