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Brokerage
Posted: August 27, 2012
Meridian Capital negotiates six financing deals totaling $77.4 million
Meridian Capital Group, LLC has negotiated six new mortgages totaling $77.4 million. The deals include the following:
* A new $31 million mortgage for three multifamily buildings totaling 448 units located on Washington St., Hempstead. The loan features a rate of 3.25% and a 10-year term. Avi Weinstock of Meridian negotiated this deal.
* A new package of mortgages totaling $26.7 million was placed by Meridian on three multifamily buildings composed of 371 units located on Crown St., Kingston Ave. and Montgomery St. in Brooklyn. These loans feature rates of 3.25% and 10-year terms. David Hayum of Meridian negotiated these deals.
* A new package of mortgages totaling $10.5 million for three multifamily buildings composed of 161 units located on Elmwood Ave., Oriental Blvd. and West 10th St. in Brooklyn. These loans feature rates of 3.76% and 10-year terms. Weinstock negotiated these deals.
* A new $4.5 million mortgage was placed by Meridian on a 12-unit, seven-story multifamily building on East 67th St. The loan features a rate of 3.25% and a 10-year term. Weinstock negotiated this deal.
* A new $3 million mortgage for a 33-unit, six-story multifamily building on Havemeyer St., Brooklyn. The loan features a rate of 3.25% and a 10-year term. Morris Diamant of Meridian negotiated this deal.
* A new $1.7 million mortgage was placed for a 15-unit, five-story multifamily building on Orchard St. The loan features a rate of 3.25% and a 10-year term. David Zlotnick of Meridian negotiated this deal.
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
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