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Posted: December 13, 2010
Meridian Capital arranges six new mortgages totaling $18.925 million
Meridian Capital Group, LLC has completed the following six mortgages totaling $18.925 million:
* Allan Lieberman of Meridian negotiated a new $3.2 million mortgage with a $500,000 unsecured revolving line of credit which was placed by Meridian on an 89-unit, five-story co-op building on East 84th St.
* Steve Geller and Nicoletta Pagnotta of Meridian negotiated a new $4.5 million mortgage on a 126-unit, six-story co-op building on 85th Dr. Jamaica. The loan features a rate of 4.71% and a 10-year term.
* Judah Hammer of Meridian placed a new $3.8 million mortgage on a 48-unit, six-story multifamily building on 99th St. in Flushing. The loan features a rate of 4.5% and a 10-year term.
* Jacob Schmuckler of Meridian negotiated a new $2.7 million mortgage on a 58-unit, six-story multifamily building on Brighton Beach Ave. in Brooklyn. The loan features a rate of 4.5% and a 10-year term.
* Shamir Seidman of Meridian placed a new $2.5 million mortgage on a 47-unit, six-story multifamily building on St. Johns Pl. in Brooklyn. The loan features a rate of 4.6% and a 10-year term.
* Avi Weinstock of Meridian negotiated a new $1.725 million mortgage on a 10-unit, four-story multifamily building on West 22nd St. The loan features a rate of 4.38% and a 10-year term.
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