News:
Brokerage
Posted: April 1, 2024
Meridian Capital Group arranges $16.5 million in construction financing for mixed-use property
.png)
Queens, NY Meridian Capital Group arranged $16.5 million in ground-up construction financing for a mixed-use property consisting of multifamily and retail space at 183-03 Hillside Ave.
The 24-month loan was provided by a balance sheet lender and features full-term interest-only payments. This transaction was negotiated by Meridian vice presidents, Eli Serebrowski and Eli Finkel, who are both based in the company’s New York City headquarters.
Located at 183-03 Hillside Ave. in the Jamaica neighborhood, the seven-story, mixed-use building will span 56,000 s/f across seven stories when complete. The property will consist of 46 residential units and ample ground floor retail space, and benefits from immediate proximity to the 179th St. subway station. Tenants will also benefit from amenities including an onsite gym, recreation space, rooftop, and indoor parking.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
