News: Brokerage

Meridian Capital Group negotiates $29.7 million in financing for multifamily and cooperative properties in Manhattan, Brooklyn and Bronx

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, has completed six mortgages totaling $29.7 million. The deals include the following: * A new mortgage in the amount of $1.85 million on an11-unit, seven-story multifamily building on Village Road North in Brooklyn. The loan features a rate of 3.13% and a 10-year term. Allan Lieberman of Meridian negotiated this transaction. * A new mortgage of $8 million was placed by Meridian on a 117-unit, 16-story co-op building on West 75th St. The loan features a rate of 3.43% and a 10-year term. Steve Geller and Nicoletta Pagnotta of Meridian negotiated this transaction. * A new mortgage in the amount of $6.75 million on a 154-unit, 19-story co-op building on Fifth Ave. The loan features a rate of 3.42% and a 10-year term. Geller and Pagnotta negotiated this transaction. * A new mortgage of $5.5 million was placed by Meridian on a 71-unit, six-story multifamily building on Ocean Ave. in Brooklyn. The loan features a rate of 3.25% and a 10-year term. Cary Pollack of Meridian negotiated this transaction. * A new mortgage in the amount of $5.4 million on five multifamily buildings totaling 202 units located on Sheridan Ave. and East 224th St. in Bronx and Edgecombe Ave. The loan features a rate of 3.5% and a 10-year term. David Zlotnick and Michael Ryback of Meridian negotiated this transaction. * A new mortgage of $2.2 million was placed by Meridian on a 21-unit, five-story multifamily building on West 160th St. The loan features a rate of 3.63% and a seven-year term. Zlotnick and Ryback negotiated this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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