Meridian Capital negotiates $38.02 million in financing for mixed-use and multifamily properties

June 10, 2013 - Front Section

Carol Shelby, Meridian Capital Group, LLC

Meridian Capital Group, LLC negotiated the following transactions totaling $38.02 million:
* A new mortgage of $7.5 million on two multifamily buildings totaling 85 units located on Fort Washington Ave. The loan features a rate of 2.85% and a 10-year term. Scott Assouline negotiated the transaction.
* Two new mortgages totaling $14.5 million on two multifamily buildings totaling 39 units located on Carmine St. and West 14th St. These loans feature rates of 3.13% and 10-year terms. Carol Shelby and Dani Sabesan negotiated the transactions.
* A new mortgage of $6.25 million on an 11-unit, mixed-use building featuring 2,500 s/f of retail space located on William St. The loan features a rate of 3.00% and a 10-year term. Morris Diamant negotiated the transaction.
* A new mortgage of $4.2 million on two multifamily buildings totaling 34 units located on East 74th St. The loan features a rate of 2.90% and a 10-year term. Morris Diamant negotiated the transaction.
* A new mortgage in the amount of $3.25 million on a 62-unit, six-story multifamily building located on Main St. in New Rochelle. The loan features a rate of 3.13% and a 10-year term. Allan Lieberman negotiated the transaction.
* A new mortgage of $2.325 million on a 15-unit, six-story multifamily building located on Frederick Douglass Blvd. The loan features a rate of 3.00% and a 10-year term. David Hayum negotiated the transaction.
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