New York Real Estate Journal

Meridian Capital negotiates $35.2 million in financing for mixed-use properties; Shelby and Sabesan arrange $11.4 million for 100-unit, six-story property

July 29, 2013 - Brokerage
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, arranged the following transactions totaling $35.2 million: * A new mortgage of $5 million on two multifamily buildings totaling 97 units located on Nelson Ave. and East 195th St. in Bronx. The loan features a rate of 2.90% and a 10-year term. Morris Diamant negotiated the transaction. * A new mortgage of $11.4 million on a 100-unit, six-story multifamily building located on Fort Washington Ave. The loan features a rate of 3.25% and a 10-year term. Carol Shelby and Dani Sabesan negotiated the transaction. * A new mortgage of $8.4 million on a 20-unit, six-story multifamily building located on Bank St. The loan features a rate of 3.00% and a 10-year term. Shelby and Sabesan negotiated the transaction. * A new mortgage of $4.9 million on two multifamily buildings totaling 118 units located on Greene Ave. and Beverley Rd. in Brooklyn. The loan features a rate of 3.00% and a 10-year term. Joe Taub negotiated the transaction. * A new mortgage of $4.2 million on a nine-unit, six-story mixed-use building featuring 5,500 s/f of retail space located on Third Ave. The loan features a rate of 3.25% and a five-year term. David Hayum negotiated the transaction. * A new mortgage of $1.3 million was placed by Meridian on an eight-unit, four-story multifamily building located on Lincoln Place in Brooklyn.The loan features a rate of 3.00% and a five-year term. Judah Hammer and Michael Ryback negotiated the transaction. This multi-family apartment building was built in the 1926 and is located in close proximity the 2 & 5 subway lines and Prospect Park.