Meridian Capital closes six new mortgages totaling $87.1 million; Includes a $49.5 million package for four multifamilies

Meridian Capital Group, LLC has placed six new mortgages $87.1 million: * A new $6.35 million mortgage on an 81-unit, seven-story multifamily building on 171st St. in Jamaica. The loan features a rate of 2.75% and a five-year term. Moe Rosenblum of Meridian negotiated this transaction. * A new $49.5 million package of mortgages was placed on four multifamily buildings composed of 301 units located on Ocean Pkwy. in Brooklyn and West 86th St., West 96th St. and Riverside Dr. The loans feature rates of 3% and seven-year terms. Carol Shelby and Dani Sabesan of Meridian negotiated this transaction. * A new package of mortgages totaling $25.145 million on seven multifamily and mixed-use buildings composed of 300 units and 396,800 s/f of retail space that are located in Brooklyn, Bronx and New York. The loan features a rate of 3.25% and a 10-year term. Tal Bar-Or of Meridian negotiated this transaction. * A new mortgage of $3 million was placed by Meridian on a 69-unit, seven-story multifamily building on Grand Concourse in Bronx. The loan features a rate of 3% and a 10-year term. David Zlotnick of Meridian negotiated this transaction. * A new $2.025 million mortgage on an eight-unit, four-story multifamily building on Jefferson Ave. in Brooklyn. The loan features a rate of 3.13% and a 10-year term. Chaim Tessler of Meridian negotiated this transaction. * A new mortgage of $1.09 million was placed by Meridian on a 12-unit, two-story multifamily building on Union Ave. in Amityville. The loan features a rate of 3.13% and a 10-year term. Shelby and Sabesan negotiated this transaction.