News:
Brokerage
Posted: March 8, 2022
Meridian Capital Group arranges $24 million in bridge financing for in-construction property
New York, NY Meridian Capital Group arranged $24 million in financing to refinance a development on Sherman Ave.
The 30-month loan features a prime-based rate and was negotiated by Meridian vice presidents Eli Serebrowski and Eli Finkel, who are based in the company’s New York City headquarters.
“The sponsor is an extremely experienced developer who has built many buildings in the New York area. He tasked us with getting the best terms possible and to close very quickly. His comment to us at closing was that he has never had a more pleasant experience with a construction loan before, both on the banks side and with the brokers. It was a smooth, clean and transparent process,” said Serebrowski.
Tags:
Brokerage
MORE FROM Brokerage
United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f
East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
Quick Hits
 (2).gif)
Columns and Thought Leadership
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
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
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
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
.gif)