News: Brokerage

Meridian Capital negotiates six new mortgages totaling $44.7 million; Includes $24 million for a 493-unit co-op building by Lieberman

Meridian Capital Group, LLC has arranged six new mortgages totaling $44.7 million. The deals include: * $24 million was placed by Meridian on a 493-unit, 12-story co-op building on East 63rd St. The loan features a rate of 3.96% and a 7-year term. The transaction was negotiated by Allan Lieberman. * $7 million on an 89-unit, six-story multifamily building on Lefferts Blvd. in Kew Gardens. The loan features a rate of 4.38% and a 10-year term. The transaction was negotiated by Israel Schubert. * $5 million was placed by Meridian on a 47-unit multifamily building on South Center St. in Orange, N.J. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Elliott Birnbaum. * $5.45 million package of mortgages on two multifamily properties totaling 76 apartment units and 4,900 s/f of retail space, located in Queens. The loans feature rates of 4.25% and 10-year terms. The transactions were negotiated by Joseph Taub. * $2.1 million was placed by Meridian on a 43-unit, six-story multifamily building on West 160th St. The loan features a rate of 4.25% and a five-year term. The transaction was negotiated by Shamir Seidman. *$1.15 million on a six-story co-op building on 35th Ave. in Flushing. The loan features a rate of 4% and a seven-year term. The transaction was negotiated by Abe Hirsch and Zev Karpel. 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 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
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.