Meridian Capital negotiates six new mortgages totaling $34.5 million
November 9, 2012 - Brokerage
Meridian Capital Group, LLC has negotiated six new mortgages totaling $34.5 million. The deals include:
* A new $7.15 million mortgage on a 47-unit, 12-story multifamily building on West 30th St. The loan features a rate of 2.95% and a seven-year term. Meridian's Moshe Majeski and Abe Hirsch negotiated this transaction.
* A new $10 million mortgage was placed by Meridian on a 106,800 s/f office building on Sutphin Blvd. in Jamaica. The loan features a rate of 4% and a seven-year term. Meridian's Avi Weinstock negotiated this transaction.
* A new $4.7 million mortgage on a 57-unit, four-story multifamily building on 95th St. in Flushing. The loan features a rate of 3.13% and a 10-year term. Meridian's Judah Hammer negotiated this transaction.
* A new $4.25 million mortgage was placed by Meridian on a 49-unit, 15-story co-op building on West End Ave. The loan features a rate of 3.26% and a 10-year term. Meridian's Steve Geller and Nicoletta Pagnotta negotiated this transaction.
* A new $4.25 million mortgage on a 45-unit, four-story multifamily building on Elton St. in Brooklyn. The loan features a rate of 3.38% and a 10-year term. Hammer negotiated this transaction.
* A new $4.15 million mortgage was placed by Meridian on a 20-unit, six-story multifamily building on First Ave. The loan features a rate of 3.25% and a 10-year term. Meridian's Morris Diamant 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