Meridian Capital Group negotiates six transactions totaling $74.8 million; includes $48.745 million package by Kesselman of Meridian

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions: A new mortgage of $10.1 million was placed by Meridian on a five-story multifamily building on 31st Ave in Astoria. The loan features a rate of 3.75% and a 5-year term. The transaction was negotiated by Scott Assouline. Meridian negotiated a new package of four mortgages totaling $48.745 million secured by four multifamily buildings in Brooklyn and Bronx. The loans feature rates of 4.78% and 7-year terms. The transactions were negotiated by Michael Kesselman. A new mortgage of $3.5 million was placed by Meridian on a 58-unit, eight-story mixed-use building on Montague St. in Brooklyn. The loan features a rate of 4.13% and a 10-year term. The transaction was negotiated by Joseph Taub. Meridian negotiated a new mortgage in the amount of $3.5 million on a 38-unit, four-story multifamily building on Carroll St. in Brooklyn. The loan features a rate of 4.5% and a 5 year term. The transaction was negotiated by David Hayum. A new mortgage of $7.2 million was placed by Meridian on a 36-unit, five-story mixed-use building on West 42nd St. in New York. The loan features a rate of 4.25% and a 10-year term. The transaction was negotiated by Jeff Weinberg and Jack Adler. Meridian negotiated a new mortgage in the amount of $1.7 million on an 84-unit, six-story co-op building on Fort Hamilton Pwy. in Brooklyn. The loan features a rate of 4.29% and a five-year term. The transaction was negotiated by Carol Shelby and Dani Sabesan. 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.