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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
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