Meridian Capital Group negotiates $49.3 million in financing for multifamily properties

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, facilitated the following transactions totaling $49.3 million: * A new mortgage of $2.5 million on a three-story, eight-unit multifamily property located on Hart St. in Brooklyn. The loan features a rate of 2.88% and a four-year term. This transaction was negotiated by Morris Diamant and Jacob Rochlitz. * Meridian negotiated a new mortgage in the amount of $25 million on a five-story, 87-unit, multifamily property located on East 83rd St. The loan features a rate of 3.50% and a five-year term. Avi Weinstock negotiated this transaction. * A new mortgage of $6.6 million on a five-story, six-unit multifamily property located on First Ave. The loan features a rate of 3.20% and a five-year term. The transaction was negotiated by Zev Feder. * 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. * New mortgages totaling $5.85 million on two multifamily properties composed of 70 units located on Creston Ave. and East 182nd St. in the Bronx. The loans feature rates of 3.13% and five-year terms. These transactions were negotiated by Diamant and Rochlitz. * A new mortgage in the amount of $3.3 million on a four-story, 32-unit multifamily property located on Coney Island Ave. in Brooklyn. The loan features a rate of 3% and a five-year term. Joseph Taub and Daniel Blumenthal negotiated this transaction.