News:
Brokerage
Posted: September 8, 2014
Meridian Capital Group negotiates $32.2 million in financing; Includes $7.5 million mortgage by Shelby and Sabesan
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $32.2 million:
* A new mortgage of $5.715 million on a 43-unit multifamily property located on West 183rd St. The loan features a rate of 3% and a five-year term. This transaction was negotiated by Barry Lefkowitz.
* A new mortgage in the amount of $7.5 million on a five-story, 40-unit multifamily property located on MacDougal St. The loan features a rate of 3.15% and a five-year term. Carol Shelby and Dani Sabesan negotiated this transaction.
* A new mortgage of $7 million on a 13-story, 23-unit multifamily property located on Liberty Ave. The loan features a rate of 3.13% and a five-year term. This transaction was negotiated by Avi Weinstock.
* A new mortgage in the amount of $6 million on a seven-story, 53-unit multifamily property located on East 235th St. in the Bronx. The loan features a rate of 3.38% and a seven-year term. Jacob Schmuckler and Sam Shifer negotiated this transaction.
*A new mortgage of $3.6 million on a six-story, 13-unit multifamily property located on Ave. C. The loan features a rate of 3.10% and a five-year term. This transaction was negotiated by Zev Feder.
* A new mortgage in the amount of $2.4 million on a four-story, 20-unit multifamily property on Lott Ave. in Brooklyn. The loan features a rate of 3% and a five-year term. Weinstock negotiated this transaction.
Tags:
Brokerage
MORE FROM Brokerage
REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium
Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
Columns and Thought Leadership
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 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.
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
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,