News: Brokerage

Meridian Capital arranges six mortgages totaling $64 million; includes a $12.15 million loan by Geller and Pagnotta

Meridian Capital Group, LLC has completed the following six deals totaling $64 million: * A new package of mortgages totaling $12.15 million was placed on a three-building multifamily portfolio composed of 204 units in Brooklyn. The loans feature rates of 3.59% and five-year terms. These transactions were negotiated by Steve Geller and Nicoletta Pagnotta. * A new $18.25 million mortgage on a 137-unit, nine-story multifamily building on Hudson Terrace in Fort Lee, N.J. The loan features a rate of 3.8% and a five-year term. The transaction was negotiated by Avi Weinstock. * A new mortgage of $18 million was placed on a 10-building multifamily and mixed-use portfolio located in the Chelsea, Midtown West and SoHo neighborhoods. The loan features a rate of 3.85% and a five-year term. The transaction was negotiated by Shamir Seidman. * A new $8.1 million mortgage on an 84-unit, six-story multifamily building on Ash Ave. in Flushing. The loan features a rate of 3.9% and a five-year term. The transaction was negotiated by Geller and Pagnotta. * A new package of mortgages totaling $5.1 million was placed on a three-building multifamily portfolio composed of 38 units on West 46th St. The loans feature rates of 3.85% and 10-year terms. These transactions were negotiated by Jeffrey Weinberg and David Ostrov. * A new $2.4 million mortgage for a 16-unit, five-story multifamily building on East 2nd St. The loan features a rate of 4% and a 10-year term. The transaction was negotiated by Aaron Appel and Max Herzog. 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
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of