News: Brokerage

Meridian arranges six new mortgages totaling $76.5 million

Meridian Capital Group, LLC has negotiated the following six mortgages totaling $76.5 million: * A new $6 million mortgage on a 21-unit, five-story multifamily building on Ave. C. The loan features a rate of 3.25% and a five-year term. Cary Pollack of Meridian arranged the financing. * A new $32.9 million mortgage was placed by Meridian on nine co-op buildings totaling 1,147 units located in the Bronx. The loan features a rate of 4.13% and a 10-year term. Steve Geller and Nicoletta Pagnotta of Meridian arranged the financing. * A new $19.5 million mortgage for three multifamily buildings composed of 256 units located in Brooklyn. The loan features a rate of 3.38% and a 10-year term. Nathan Landau of Meridian arranged the financing. * A new $6.8 million mortgage was placed by Meridian on three multifamily buildings totaling 92 units. The loan features a rate of 4.00% and a 10-year term. Michael Kesselman of Meridian arranged the financing. * A new $6.7 million mortgage for a 44-unit, three-story multifamily building on Lime Kiln Rd. in White Plains. The loan features a rate of 3.25% and a 10-year term. Judah Hammer of Meridian arranged the financing. * A new $4.6 million mortgage was placed by Meridian on two multifamily buildings totaling 74 units located on 41st St. and 44th St. in Long Island City,. The loan features a rate of 4% and a 10-year term. Kesselman arranged the financing. 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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent