News: Brokerage

Meridian Capital Group finances six deals totaling $41.95 million

Meridian Capital Group has negotiated six financing deals $41.95 million. The deals include: * A new $1.25 million mortgage for a 22-unit, six-story multifamily building on Perry Ave. in the Bronx. The loan features a rate of 3.45% and a 10-year term. Michael Kesselman of Meridian negotiated this deal. * A new $17 million mortgage was placed on a 164,385 s/f office building on West 35th St. The loan features a rate of 3.5% and a 10-year term. Carol Shelby and Dani Sabesan of Meridian negotiated this deal. * A new $11 million mortgage on one seven-story and four six-story multifamily buildings on East 15th St. The loan features a rate of 3.5% and a 10-year term. Joe Taub of Meridian negotiated this deal. * A new $6 million mortgage was placed on a 12-unit, two-story multifamily building on Driggs Ave. in Brooklyn. The loan features a rate of 3.5% and a 10-year term. Morris Diamant of Meridian negotiated this deal. * A new $4.38 million mortgage on a 48-unit, six-story multifamily building on Ave. J in Brooklyn. The loan features a rate of 3.5% and a 10-year term. Jacob Schmuckler of Meridian negotiated this deal. * A new $2.32 million mortgage was placed by Meridian on a 31-unit, five-story multifamily building on Morris Ave. in the Bronx. The loan features a rate of 3.5% and a 10-year term. Alan Friedman of Meridian negotiated this deal. Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida, Arizona and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,