News: Brokerage

Meridian Capital Group negotiates $43 million in financing; includes $16 million mortgage by Rhine and Weinstock

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $43 million: * A new mortgage of $1.85 million was placed on a four-story, 19-unit multifamily building on Sixth St. in Brooklyn. The loan features a rate of 3% and a three-year term. This transaction was negotiated by Avi Weinstock and Josh Rhine. * A new mortgage of $16 million was placed on a 17-story, 90,000 s/f office building on West 30th St. The loan features a rate of 3.85% and a seven-year term. Weinstock and Rhine negotiated this transaction. * A new mortgage of $12.6 million was placed on a seven-story mixed-use building containing 45 units and 1,200 s/f of retail space located on Thompson St. The loan features a rate of 3.05% and a five-year term. This transaction was negotiated by Cary Pollack and Steven Cohen. * A new mortgage of $5.5 million was placed on a six-story, 49-unit multifamily building on Seaman Ave. The loan features a rate of 3.38% and a five-year term. Shamir Seidman and Daniel Neiss negotiated this transaction. * A new mortgage of $5.1 million was placed on a six-story, 59-unit multifamily building on Lenox Rd. in Brooklyn. The loan features a rate of 3.5% and a five-year term. This transaction was negotiated by Elliott Birnbaum. * A new mortgage of $1.95 million was placed on a four-story, seven-unit multifamily building on Vanderbilt Ave. in Brooklyn. The loan features a rate of 3.75% and a 7-year term. Seidman and Neiss negotiated this transaction.
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