Meridian negotiates $32.6 million in financing for mixed-use and multifamily properties; Weinstock places new mortgage of $12.6 million on 98-unit property

December 23, 2013 - Front Section

Joseph Taub, Meridian Capital Group, LLC

Avi Weinstock, Meridian Capital Group, LLC

Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $32.6 million:
* Meridian negotiated a new mortgage of $5.72 million on a 76-unit, six-story multifamily building located on Lefferts Blvd. in Queens.The loan features a rate of 2.85% and a five-year term. Joseph Taub and Daniel Blumenthal negotiated this transaction.
* A new mortgage of $12.6 million was placed by Meridian on a 98-unit, eight-story multifamily building located on Adam Clayton Powell, Jr. Blvd. The loan features a rate of 3.25% and a seven-year term. Avi Weinstock negotiated this transaction.
* Meridian negotiated a new mortgage of $7.25 million on a 92-unit, six-story multifamily building located on First Ave. The loan features a rate of 3.13% and a seven-year term. Zev Feder and Sam Shifer negotiated this transaction.
* A new mortgage of $3.525 million was placed by Meridian on a 42-unit, three-story multifamily building located on 37th Ave. in Queens. The loan features a rate of 2.9% and a 15-year term. Taub and Blumenthal negotiated this transaction.
* Meridian negotiated a new mortgage of $1.97 million on a 25-unit, five-story mixed-use building located on Morris Ave. in the Bronx. The loan features a rate of 3.00% and a 10-year term. Simon Rosenfeld and Kyle Friedland negotiated this transaction.
* A new mortgage of $1.5 million was placed by Meridian on a 16-unit, five-story mixed-use building located on Third Ave. The loan features a rate of 3.25% and a 15-year term. Judah Hammer and Michael Ryback negotiated this transaction.
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