Meridian Capital Group negotiates six loans totaling $34.8 million
November 26, 2012 - Brokerage
Meridian Capital Group, LLC has negotiated six new mortgage totaling $34.8 million. The deals include:
* $1.5 million for a 25-unit, five-story multifamily building on Nagle Ave. The loan features a rate of 3% and a 10-year term. David Zlotnick of Meridian negotiated this transaction.
* $17.5 million was placed on two cooperative buildings totaling 590 units located on Seacoast Terrace in Brooklyn. The loan features a rate of 3.45% and a 10-year term. Cary Pollack of Meridian negotiated this transaction.
* $7.5 million on a 95-unit, 10-story cooperative building on East 41st St. The loan features a rate of 3.24% and a 10-year term. Steve Geller and Nicoletta Pagnotta of Merdian negotiated this transaction.
* $4.25 million was placed on two multifamily buildings totaling 57 units located on University Ave. in the Bronx. The loan features a rate of 3.38% and a 10-year term. Scott Assouline of Meridian negotiated this transaction.
* $2.5 million on a 20-unit, seven-story fractured condominium building on East 119th St. The loan features a rate of 3.25% and a 10-year term. Isaac Filler of Meridian negotiated this transaction.
* $1.5 million was placed on two multifamily buildings totaling 10 units located on Montrose Ave. in Brooklyn. The loan features a rate of 3.01% and a five-year term. Filler negotiated this transaction.
Founded in 1991, Meridian 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