News: Brokerage

Meridian Capital Group negotiates $55.1 million for six new mortgages

Meridian Capital Group, LLC has completed six new mortgages totaling $55.1 million. The deals include: * $23 million was placed on a multifamily building on Park Ave. The loan was negotiated by Moshe Majeski and Rael Gervis. * $12 million on a two-story retail building on Broadway. The loan was negotiated by Morris Diamant and Joe Klein. * $10 million was placed on a 115-unit, 15-story multifamily building on West 88th St. The interest-only loan was negotiated by Avi Weinstock. * $5.5 million on a 107-unit co-op building on S. Park Ave. in Rockville Centre. The loan was negotiated by Steve Geller. * $3.5 million on two, owner-occupied supermarkets, totaling 25,300 s/f in Brooklyn. Benjamin Klugman and Josh Rhine handled this deal. * $1.1 million on a 23-unit, three-story multifamily building on Willow Ln., Bronx. The loan was negotiated by David Hayum and Zev Feder.
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