News: Brokerage

Meridian Capital Group negotiates six loans totaling $34.8 million

Meridian Capital Group, LLC has negotiated six new mortgage totaling $34.8 million. The deals include: * $1.5 million for a 25-unit, five-story multifamily building on Nagle Ave. The loan features a rate of 3% and a 10-year term. David Zlotnick of Meridian negotiated this transaction. * $17.5 million was placed on two cooperative buildings totaling 590 units located on Seacoast Terrace in Brooklyn. The loan features a rate of 3.45% and a 10-year term. Cary Pollack of Meridian negotiated this transaction. * $7.5 million on a 95-unit, 10-story cooperative building on East 41st St. The loan features a rate of 3.24% and a 10-year term. Steve Geller and Nicoletta Pagnotta of Merdian negotiated this transaction. * $4.25 million was placed on two multifamily buildings totaling 57 units located on University Ave. in the Bronx. The loan features a rate of 3.38% and a 10-year term. Scott Assouline of Meridian negotiated this transaction. * $2.5 million on a 20-unit, seven-story fractured condominium building on East 119th St. The loan features a rate of 3.25% and a 10-year term. Isaac Filler of Meridian negotiated this transaction. * $1.5 million was placed on two multifamily buildings totaling 10 units located on Montrose Ave. in Brooklyn. The loan features a rate of 3.01% and a five-year term. Filler negotiated this transaction. Founded in 1991, Meridian is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida, Arizona and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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
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
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,
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.