News: Brokerage

Meridian Capital Group negotiates $43.725 million in financing; Weinstock and Rhine secure two mortgages totaling $17.5 million

Meridian Capital Group, LLC, arranged the following mortgage transactions totaling $43.725 million: * A new mortgage of $3 million on a 37-unit, seven-story mixed-use building featuring 17,000 s/f of commercial space located on East 76th St. The loan features a rate of 2.9% and a 10-year term. Jacob Nefoussi negotiated this transaction. * New mortgages totaling $17.5 million on 12 multifamily buildings totaling 442 apartments and 12 stores located in Midtown West and the Upper West Side of Manhattan and on 14th St. The loans feature seven-year terms and fixed-rates of 3.17% with full-term interest-only payments. Avi Weinstock and Josh Rhine negotiated this transaction. * New mortgages totaling $16.6 million on four mixed-use buildings composed of 79 apartments and 16,760 s/f of commercial space located on West 96th St. West 103rd St., Eighth Ave. and Avenue C in N.Y.C. The loans feature a rate of 3.13% and a 12-year term. Morris Diamant negotiated this transaction. * A new mortgage of $2.45 million on a 26-unit, four-story multifamily building located on 47th St. The loan features a rate of 2.9% and a 10-year term. Diamant and David Steinmetz negotiated this transaction. * A new mortgage of $2.175 million on three multifamily buildings totaling 25 units located on Stonelea Place in New Rochelle. The loan features a rate of 2.9% and a five-year term. Judah Hammer negotiated this transaction. * A new mortgage of $2 million on an eight-unit, five-story mixed-use building featuring 2,500 s/f of retail space located on East 71st St. in N.Y.C. The loan features a rate of 2.9% and a 10-year term. Isaac Filler negotiated this transaction.
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
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,
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