News: Brokerage

Meridian Capital Group negotiates $36.24 million in financing; Bar-Or finances $11.5 million mortgage for 79-unit building

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following mortgages totaling $36.24 million: * A new mortgage of $3.15 million on a 26-unit, eight-story multifamily building located on Frederick Douglass Blvd. The loan features a rate of 2.93% and a three-year term. Shamir Seidman and Daniel Neiss negotiated this transaction. * A new mortgage of $13.34 million on a 41-unit, five-story mixed-use building located on Villa Ave. in the Bronx. The loan features a rate of 3.75% and a three-year term. Michael Ryback and Judah Hammer negotiated this transaction. * A new mortgage of $11.5 million on a 79-unit, six-story multifamily building located on East Hartsdale Ave. in Hartsdale. The loan features a rate of 3.75% and a 12-year term. Tal Bar-Or negotiated this transaction. * A new mortgage of $4.5 million on two three-story multifamily buildings containing 12 units located on Knickerbocker Ave. in Brooklyn. The loan features a rate of 3.65% and a five-year term. Morris Diamant and David Steinmetz negotiated this transaction. * A new mortgage of $3.75 million on a 59-unit, six-story multifamily building located on 65th St. in Brooklyn. The loan features a rate of 3.63% and a 12-year term. Josh Rhine negotiated this transaction.
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