News: Brokerage

Meridian Capital negotiates six finance deals totaling $67.8 million

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, has negotiated the following six deals totaling $67.8 million: * New mortgages totaling $12.05 million on four multifamily buildings totaling 183 units located on Carroll St., St. Paul's Place, Union St. and Ocean Ave. in Brooklyn. The loans feature rates of 3% and terms of 10-years and 15-years. Meridian's Chaim Tessler and Avi Weinstock negotiated these transactions. * New mortgages totaling $40 million were placed on two multifamily buildings totaling 191 units located on Fifth Ave. and East 72nd St. The loans feature rates of 3.25% and 10-year terms. Meridian's Rael Gervis and Josh Simpson negotiated this transaction. * A $5.9 million new mortgage was placed by Meridian on a 54-unit, six-story multifamily building located on 50th St. in Brooklyn. The loan features a rate of 3% and a 10-year term. Meridian's Morris Diamant and Steven Ribiat negotiated this transaction. * A new $5.35 million mortgage on a 48-unit, six-story multifamily building located on Barclay Ave. in Queens. The loan features a rate of 3.25% and a 12-year term. Weinstock negotiated this transaction. * A new $3 million mortgage was placed on a 24-unit, four-story multifamily building located on Lincoln Pl. in Brooklyn. The loan features a rate of 3% and a 10-year term. Weinstock and Michael Farkovits of Meridian negotiated this transaction. * A new $1.5 million mortgage was placed on a 16-unit, four-story multifamily building located on Prospect Pl. in Brooklyn. The loan features a rate of 3% and a 12-year term. Meridian's David Zlotnick and Sam Shifer negotiated this transaction. Founded in 1991, Meridian Capital Group, LLC 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. www.meridiancapital.com
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing