New York Real Estate Journal

Meridian Capital Group finances six deals totaling $41.95 million

October 16, 2012 - Brokerage
Meridian Capital Group has negotiated six financing deals $41.95 million. The deals include: * A new $1.25 million mortgage for a 22-unit, six-story multifamily building on Perry Ave. in the Bronx. The loan features a rate of 3.45% and a 10-year term. Michael Kesselman of Meridian negotiated this deal. * A new $17 million mortgage was placed on a 164,385 s/f office building on West 35th St. The loan features a rate of 3.5% and a 10-year term. Carol Shelby and Dani Sabesan of Meridian negotiated this deal. * A new $11 million mortgage on one seven-story and four six-story multifamily buildings on East 15th St. The loan features a rate of 3.5% and a 10-year term. Joe Taub of Meridian negotiated this deal. * A new $6 million mortgage was placed on a 12-unit, two-story multifamily building on Driggs Ave. in Brooklyn. The loan features a rate of 3.5% and a 10-year term. Morris Diamant of Meridian negotiated this deal. * A new $4.38 million mortgage on a 48-unit, six-story multifamily building on Ave. J in Brooklyn. The loan features a rate of 3.5% and a 10-year term. Jacob Schmuckler of Meridian negotiated this deal. * A new $2.32 million mortgage was placed by Meridian on a 31-unit, five-story multifamily building on Morris Ave. in the Bronx. The loan features a rate of 3.5% and a 10-year term. Alan Friedman of Meridian negotiated this deal. 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