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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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