News: Brokerage

Meridian Capital Group arranges $32.92 million in financing; Hayum and Rosenblum negotiate $12.5 million mortgage

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, arranged the following transactions totaling $32.92 million: * Meridian negotiated a new mortgage of $3.675 million on a 13-unit, five-story multifamily building located on East 9th St. The loan features a rate of 2.70% and a three-year term. Cary Pollack and Steven Cohen negotiated this transaction. * A new mortgage of $12.5 million was placed by Meridian on a 132-unit, six-story multifamily building located on East 92nd St. in Brooklyn. The loan features a rate of 2.90% and a 10-year term. David Hayum and Moe Rosenblum negotiated this transaction. * Meridian negotiated a new mortgage of $9.8 million on a 94-unit, three-story multifamily building located on 63rd Ave. in Queens. The loan features a rate of 2.90% and a 10-year term. Joseph Taub and Daniel Blumenthal negotiated this transaction. * New mortgages totaling $3.82 million were placed by Meridian on two cooperative buildings totaling 94 units located on Ave. N in Brooklyn. The loans feature rates of 3.00% and five-year terms. Morris Diamant and Tzvi Krieger negotiated these transactions. * Meridian negotiated a new mortgage of $2.125 million on a 28-unit, four-story multifamily building located on Beverly Rd. in Brooklyn. The loan features a rate of 2.90% and a 10-year term. Avi Weinstock negotiated this transaction. *A new mortgage of $1 million was placed by Meridian on a 36-unit, five-story multifamily building located on East 10th St. The loan features a rate of 2.75% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

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,