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
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