Meridian Capital Group negotiates $90.7 million in recent financing; Includes $38.5 million for 6-building portfolio by Shelby

According to Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, it has completed the following recent transactions: A new package of mortgages totaling $10.15 million was placed by Meridian on a 4-building, 213-unit multifamily portfolio. The loans feature rates of 4.01% and 10-year terms. The transactions were negotiated by Jeffrey Weinberg and Moshe Majeski. Meridian negotiated a mortgage in the amount of $38.5 million on a 6-building multifamily portfolio totaling 405-units located in Brooklyn. The loan features a rate of 4.75% and a 7-year term. The transaction was negotiated by Carol Shelby. A new mortgage of $20 million was placed by Meridian on a 325-unit, 32-story co-op building on East 93rd St. The loan features a rate of 4.16% and a 10-year term. Steve Geller and Nicoletta Pagnotta negotiated this transaction. Meridian negotiated a new mortgage in the amount of $9.975 million on a 10-story multifamily building on East 12th St. The loan features a rate of 4.28% and a 10-year term. The transaction was negotiated by Scott Assouline and Jacob Nefoussi. A new mortgage of $7.2 million was placed by Meridian on a 111-unit, 8-story multifamily building on 89th Ave. in Jamaica. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Weinberg and Mindy Bergman. Meridian negotiated a new mortgage in the amount of $4.9 million on 27-unit, 6-story mixed-use building on Sullivan St. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Shelby and Dani Sabesan.