Meridian Capital Group negotiates $32.2 million in financing; Includes $7.5 million mortgage by Shelby and Sabesan

September 08, 2014 - Front Section

Carol Shelby, Meridian Capital Group, LLC

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.
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