News: Brokerage

Meridian Capital Group negotiates $60.7 million in financing

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $60.7 million: * A new mortgage of $1.3 million on a four-story, 10-unit multifamily property located on Jefferson Ave. in Brooklyn. The loan features a rate of 3.18% and a five-year term. This transaction was negotiated by Jacob Schmuckler and Sam Shifer. * New mortgages totaling $24 million on two mixed-use properties composed of 101 units and 9,760 s/f of retail space located on Seventh Ave. and Broadway. These loans feature rates of 3.25% and five-year terms. Jeffrey Weinberg and Simon Rosenfeld negotiated these transactions. * New mortgages totaling $19.9 million on five multifamily properties composed of 201 units located in the Prospect Park South, Borough Park and South Slope neighborhoods of Brooklyn. These loans feature rates of 3.25% and five-year terms. Charles Grussgott negotiated these transactions. * New mortgages totaling $10.455 million on five multifamily properties composed of 63 units located on West 115th St. These loans feature rates of 3.25% and five-year terms. Scott Assouline and Isaac Lifshitz negotiated these transactions. * A new mortgage of $3.3 million on a five-story, 20-unit multifamily property located on Cortelyou Rd. in Brooklyn. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by Morris Diamant and Tzvi Krieger. * A new mortgage in the amount of $1.7 million on a four-story, six-unit mixed-use property located on Stuyvesant Ave. in Brooklyn. The loan features a rate of 3.25% and a five-year term. Isaac Filler and Sam Shifer negotiated this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent