Meridian Capital Group arranges $95.615 million in financing for six deals

August 11, 2010 - Front Section

Allan Lieberman, Meridian Capital Group

David Ostrov, Meridian Capital Group

Chaim Tessler, Meridian Capital Group

Avi Weinstock, Meridian Capital Group

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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