News:
Brokerage
Posted: January 27, 2014
Meridian Capital negotiates $25.4 million in financing
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, has negotiated $25.4 million in financing for the following deals:
* A new mortgage of $7.76 million on a 90-unit, five-story multifamily building located on 34th Rd. in Queens. The loan features a rate of 2.95% and a 15-year term. Abe Hirsch of Meridian negotiated this transaction.
* A new mortgage of $7.045 million was placed by Meridian on a 60-unit, six-story multifamily building located on Skillman Ave. in Queens. The loan features a rate of 2.95% and a 10-year term. Hirsch negotiated this transaction.
* A new mortgage of $3.7 million on a 13-unit, six-story multifamily building located on Ave. C. The loan features a rate of 3.25% and a seven-year term. Zev Feder of Meridian negotiated this transaction.
* A new mortgage of $2.8 million was placed by Meridian on a 31-unit, six-story multifamily building located on West 193rd St. The loan features a rate of 3.25% and a 10-year term. Avi Weinstock of Meridian negotiated this transaction.
* A new mortgage of $2.5 million on a 32-unit, four-story multifamily building located on Newkirk Ave. in Brooklyn. The loan features a rate of 3% and a 10-year term. Morris Diamant and Ben Piller of Meridian negotiated this transaction.
* A new mortgage of $1.6 million was placed by Meridian on a 13-unit, five-story multifamily building located on King St. The loan features a rate of 3.5% and a 15-year term. Jacob Schmuckler of Meridian negotiated this transaction.
Founded in 1991, Meridian Capital Group 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.
Tags:
Brokerage
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
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,
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
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
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.
.gif)