News:
Brokerage
Posted: August 13, 2012
Meridian Capital negotiates six mortgages totaling $72.8 million
Meridian Capital Group, LLC has compled the following six financing deals totaling $72.8 million:
* A new $20 million mortgage for a 56-unit, 14-story multifamily building on Gold St. The loan features a rate of 3.05% and a five-year term. Avi Weinstock and Josh Rhine of Meridian negotiated this transaction.
* A new $26.5 million mortgage was placed on a 94-unit, 16-story multifamily building on Park Ave. The loan features a rate of 3.50% and a 10-year term. Weinstock negotiated this transaction.
* A new package of mortgages totaling $15.4 million on four multifamily buildings composed of 273 units located on Albany Ave., Lenox Rd., New York Ave. and Union St. in Brooklyn. These loans feature rates of 3.25% and 10-year terms. David Hayum of Meridian negotiated these transactions.
* A new mortgage of $4.8 million was placed by Meridian on a 54-unit, six-story multifamily building on Clinton Place in New Rochelle. The loan features a rate of 3.25% and a 10-year term. David Zlotnick of Meridian negotiated this transaction.
* A new $3.1 million mortgage for a 42-unit, four-story multifamily building on Winthrop St. in Brooklyn. The loan features a rate of 3.38% and a five-year term. Weinstock negotiated this transaction.
A new $3 million mortgage was placed for a 50-unit, six-story multifamily building on Frame Place in Flushing. The loan features a rate of 3.38% and a seven-year term. Weinstock 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
Tags:
Brokerage
MORE FROM Brokerage
Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease
Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
Quick Hits
Columns and Thought Leadership
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
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
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
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.
.gif)
September Promotion
