News: Brokerage

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

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,