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Posted: August 12, 2013
Meridian Capital Group secures $72.6 million in financing; Kesselman negotiates $32 million for two properties
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions totaling $72.6 million :
* Meridian negotiated a new mortgage in the amount of $32 million on two multifamily buildings totaling 153 units located on West 106th St. The loan features a rate of 3.00% and a 15-year term. Michael Kesselman negotiated this transaction.
* New mortgages totaling $18.9 million were placed by Meridian on six multifamily buildings totaling 134 units located on 15th St., Seventh Ave., Eighth Ave., 11th St., First St. and Church Ave. in Brooklyn. The loans feature a rate of 3.00% and a 10-year term. Morris Diamant and Joe Klein negotiated this transaction.
* Meridian negotiated a new mortgage in the amount of $8 million on five multifamily buildings totaling 66 units located on Barclay Ave. in Flushing. The loan features a rate of 3.00% and a 10-year term. Joe Taub negotiated this transaction.
* A new mortgage of $5.5 million was placed by Meridian on two mixed-use buildings totaling 21 units and 2,370 s/f of retail space located on Mott St. The loan features a rate of 3.13% and a 12-year term. Morris Diamant and Joe Klein negotiated this transaction.
* Meridian negotiated a new mortgage in the amount of $4.725 million on two multifamily buildings totaling 29 units located on 67th Rd. in Flushing. The loan features a rate of 3.00% and a 10-year term. Joe Taub negotiated this transaction.
* A new mortgage of $3.5 million was placed by Meridian on a 74-unit, 13-story cooperative building located on West 23rd St. The loan features a rate of 3.38% and a 10-year term. Ami Levin negotiated this transaction.
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