News: Brokerage

Meridian Capital negotiates six financing deals totaling $66.2 million

Meridian Capital Group, LLC has negotiated the following six financing deals totaling $66.2 million: * An acquisition and construction loan of $21.75 million was placed by Meridian on a seven-story, 62-unit multifamily building on Kent Ave The transaction was negotiated by Tal Bar-Or of Meridian. * A new $15.25 million mortgage for a 139-unit, six-story multifamily building on Bay 38th St. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Moshe Majeski and Abe Hirsch of Meridian. * A new $13.5 million mortgage was placed on a 29,000 s/f retail building on Fulton St. The loan features a rate of 4.85% and a five-year term. The transaction was negotiated by Cary Pollack of Meridian. * A new $8.6 million mortgage for an 82-unit, six-story multifamily building on Bedford Ave. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Majeski and Hirsch. * A $5.4 million new mortgage was placed by Meridian on a 58-unit, five-story multifamily building on Valentine Ave. in the Bronx. The loan features a rate of 4.63% and a five-year term. The transaction was negotiated by Morris Diamant and Ben Piller of Meridian. * A new $1.7 million mortgage for a 28-unit, four-story multifamily building on Leland Ave. in the Bronx. The loan features a rate of 4.38% and a five-year term. The transaction was negotiated by Scott Assouline of Meridian.
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