News: Brokerage

Meridian Capital Group secures $34.74 million in financing; Pollack and Grussgott negotiate $15 million mortgage for retail condo

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, has arranged the following transactions totaling $34.74 million: * A new mortgage in the amount of $5.5 million on two multifamily buildings totaling 91 units located on East 21st St.in Brooklyn. The loan features a rate of 2.85% and a 10-year term. Alan Friedman and Daniel Blumenthal negotiated this transaction. * A new mortgage totaling $15 million was placed by Meridian on a 16,863 s/f retail condominium located on Sixth Ave. The loan features a rate of 3.38% and a seven year term. Cary Pollack and Charles Grussgott negotiated this transaction. * A new mortgage in the amount of $7.5 million on a 92-unit, seven-story multifamily building located on Reservoir Oval East in The Bronx. The loan features a rate of 3.13% and a seven year term. Sam Shifer negotiated this transaction. * A new mortgage of $2.7 million was placed by Meridian on an 18-unit, four-story multifamily building located on Brighton Fourth St. in Brooklyn. The loan features a rate of 3.00% and a 15-year term. Isaac Filler and Shifer negotiated this transaction. * A new mortgage in the amount of $2.4 million on two multifamily buildings totaling 16 units located on Humboldt St. in Brooklyn. The loan features a rate of 2.95% and a 10-year term. Filler and Shifer negotiated this transaction. * A new mortgage of $1.64 million was placed by Meridian on a 22-unit, five-story multifamily building located on West 171st St. The loan features a rate of 3.00% and a 15-year term. Morris Diamant and Tzvi Krieger negotiated this transaction.
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