News: Brokerage

Meridian Capital arranges six finance deals totaling $39.4 million in New York City

Meridian Capital Group, LLC has negotiated the following six finance transactions totaling $39.4 million: * A new package of mortgages totaling $12.7 million was placed by Meridian on a five-building multifamily portfolio composed of 547 apartments in Forest Hills. These transactions were negotiated by Jeffrey Weinberg and David Ostrov. * A new package of mortgages totaling $16.5 million on a four-building multifamily portfolio composed of 982 apartments in Flushing. These transactions were negotiated by Avi Weinstock. * A new mortgage of $3.5 million was placed on a 58-unit, six-story multifamily building on 29th St. in Astoria. The transaction was negotiated by Allan Lieberman. * A new $2.7 million mortgage on a 40-unit, five-story multifamily building on Grand Concourse in Bronx. The transaction was negotiated by David Hayum and Moe Rosenblum. * A new package of mortgages totaling $2.2 million was placed by Meridian two multifamily buildings totaling 59 units on Taylor Ave. in Bronx. These transactions were negotiated by Weinstock. * A new $1.8 million mortgage on a 52-unit, six-story multifamily building on Morris Ave. in the Bronx. The transaction was negotiated by Morris Diamant and Jacob Rochlitz. 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
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