News: Brokerage

Meridian Capital negotiates $39.25 million in financing for six deals

Meridian Capital Group, LLC has negotiated six new mortgages totaling $39.25 million. The financings include : * A $1 million mortgage was placed on a 16-unit mixed-use building on Second Ave. The loan features a rate of 4.2% and a 10-year term. The transaction was negotiated by Steven Tessler and Scott Jackson. * A $15 million mortgage on a 195-unit, six-story multifamily building on Henry Hudson Pwy. in Riverdale. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Carol Shelby. * A $9.75 million mortgage was placed by Meridian on a 149-unit, 15-story multifamily building on Ocean Pwy., Brooklyn. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Shelby. * A $9.5 million mortgage on a 76-unit, six-story multifamily building on Classon Ave., Brooklyn. The loan features a rate of 4.39% and a seven-year term. The transaction was negotiated by Jeffrey Weinberg and David Ostrov. * A $2 million mortgage was placed by Meridian on a 74-unit, six-story co-op building on East 18th St., Brooklyn. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by Abe Hirsch and Zev Karpel. * A $2 million mortgage on a 10-unit, nine-story multifamily building on Broadway. The loan features a rate of 4.23% and a seven-year term. The transaction was negotiated by Mindy Bergman.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their