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Brokerage
Posted: August 11, 2010
Meridian Capital Group arranges $95.615 million in financing for six deals
Meridian Capital Group, LLC has completed the following six transactions totaling $95.615 million:
* Meridian negotiated a new $55 million mortgage on a 10-story commercial condo building on West 57th St. The loan features a rate of 5.3% and a 12-year term. The deal was negotiated by Allan Lieberman of Meridian.
* A new $16.5 million mortgage was placed by Meridian on a 274-unit multifamily building on Father Capodanno Blvd. in Staten Island. The loan features a fixed-rate of 5.13% and a 10-year term. The deal was negotiated by Michael Kesselman of Meridian.
* Meridian negotiated a new $12.5 million mortgage for a 347-unit, 19-story multifamily building on West 55th St.. The loan features a fixed-rate of 5.11% and a 10-year term. The deal was negotiated by David Ostrov of Meridian.
* A new $5 million mortgage was placed by Meridian on a 68-unit, six-story multifamily building on Broadway. The loan features a rate of 4.9% and a seven-year term. The deal was negotiated by Chaim Tessler of Meridian.
* A new mortgage of $3.3 million was placed by Meridian on a 71-unit, six-story multifamily building on Ocean Pwy., Brooklyn. The loan features a rate of 4.18% and a five-year term. The deal was negotiated by Avi Weinstock of Meridian.
* Meridian negotiated a new $3.15 million mortgage for a 76-unit, six-story multifamily building on Linden Blvd., Brooklyn. The loan features a rate of 4.27% and a five-year term. The deal was negotiated by Weinstock.
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