News: Brokerage

Meridian finances six deals totaling $76.7 million

Meridian Capital Group, LLC has completed the following six deals totaling $76.7 million: * A new package of mortgages totaling $5.35 million on three co-op buildings composed of 128 units located on Brighton 3rd St. and East 18th St. in Brooklyn. These loans feature rates of 3.25% and 10-year terms. Morris Diamant of Meridian negotiated these transactions. * Two new mortgages totaling $41.2 million were placed by Meridian on two multifamily buildings composed of 640 units located on 41st Ave.in Flushing. These loans feature rates of 3.5% and five-year terms. Carol Shelby and Dani Sabesan of Meridian negotiated these transactions. * A new $12 million mortgage was placed for 11 multifamily buildings totaling 109 units located on Dover Chase Blvd. in Toms River, N.J. The loan features a rate of 3.88% and a seven-year term. Avi Weinstock of Meridian negotiated this transaction. * A new $8.6 million mortgage was placed on a 43,000 s/f retail building on Fulton St. in Brooklyn. The loan features a rate of 3.75% and a five-year term. Rael Gervis of Meridian negotiated this transaction. * A new $7.7 million mortgage was placed on a 27,000 s/f office building on Broadway. The loan features a rate of 3.76% and a five-year term. Michael Kesselman of Meridian negotiated this transaction. * A new $1.85 million mortgage was placed on a 6,000 s/f mixed-use building on Atlantic Ave. in Brooklyn. The loan features a rate of 3.63% and a 10-year term. Simon Rosenfeld of Meridian 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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