News: Brokerage

Meridian Capital Group negotiates $97.2 million in financing for office, retail, mixed-use and multifamily properties in New York and Queens

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, has financed the following transactions totaling $97.2 million: * A new $46.5 million mortgage in the amount of $46 on a 151,900 s/f, 17-story, office building on East 45th St. . The loan features a rate of 2.22%. David Hayum of Meridian negotiated this transaction. * A new $19.632 million mortgage was placed by Meridian on three multifamily buildings totaling 202 units located on Jamaica Ave., 144th St. and Merrick Blvd. in Jamaica. The loan features a rate of 2.76% and a five-year term. Hayum negotiated this transaction. * A new $16.1 million mortgage was placed on a 330-unit, 14-story cooperative building on Tudor City Place. The loan features a rate of 3% and a 10-year term. Steve Geller and Nicoletta Pagnotta of Meridian negotiated this transaction. * A new $9.25 million mortgage was placed by Meridian on a 4,200 s/f retail property on Madison Ave. The loan features a rate of 2.95% and a six-year term. Cary Pollack of Meridian negotiated this transaction. * A new $3.225 million mortgage was placed on a 17-unit mixed-use building with 1,500 s/f of retail space on Ludlow St. The loan features a rate of 2.95% and a five-year term. Pollack negotiated this transaction. * A new $2.5 million mortgage was placed by Meridian on a 22-unit, five-story multifamily building on East 7th St. The loan features a rate of 3% and a 10-year term. Morris Diamant of Meridian negotiated this transaction.
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