News: Brokerage

Meridian Capital Group negotiates $44.1 million in financing; Hayum and Rosenblum finance $11.61 million in new mortgages

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following mortgages totaling $44.1 million: * A new mortgage of $8.5 million on a nine-unit, five-story multifamily building located on Mercer St. The loan features a rate of 3% and a three-year term. Ronnie Levine and Jeffrey Berkes negotiated this transaction. * A new mortgage of $3.6 million on a 141-unit, six-story cooperative building located on 171st St. in Queens. The loan features a rate of 3.75% and a 12-year term. Carol Shelby and Dani Sabesan negotiated this transaction. * A new mortgage of $2.6 million on a 24-unit, five-story multifamily building located on Nagle Ave. The loan features a rate of 3% and a 10-year term. Morris Diamant and Tzvi Krieger negotiated this transaction. * New mortgages totaling $12.3 million on two seven-story multifamily buildings totaling 250 units. The properties are located on Jerome Ave. and West 166th St. in the Bronx. The loans feature rates of 3.50% and 10-year terms. Diamant and Joseph Akerman negotiated these transactions. * New mortgages totaling $11.61 million on two six-story multifamily buildings totaling 132 units located on East 179th St. and Perry Ave. in the Bronx. The loans feature rates of 3.75% and 12-year terms. David Hayum and Moe Rosenblum negotiated these transactions. * A new mortgage of $5.5 million on a 215-unit, six-story cooperative building located on Kissena Blvd. in Queens. The loan features a rate of 3.88% and a 10-year term. Allan Lieberman negotiated this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.
A fresh start - by Shallini Mehra and Amit Doshi

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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

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