New York Real Estate Journal

Meridian Capital Group arranges $32.92 million in financing; Hayum and Rosenblum negotiate $12.5 million mortgage

December 9, 2013 - Brokerage
Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, arranged the following transactions totaling $32.92 million: * Meridian negotiated a new mortgage of $3.675 million on a 13-unit, five-story multifamily building located on East 9th St. The loan features a rate of 2.70% and a three-year term. Cary Pollack and Steven Cohen negotiated this transaction. * A new mortgage of $12.5 million was placed by Meridian on a 132-unit, six-story multifamily building located on East 92nd St. in Brooklyn. The loan features a rate of 2.90% and a 10-year term. David Hayum and Moe Rosenblum negotiated this transaction. * Meridian negotiated a new mortgage of $9.8 million on a 94-unit, three-story multifamily building located on 63rd Ave. in Queens. The loan features a rate of 2.90% and a 10-year term. Joseph Taub and Daniel Blumenthal negotiated this transaction. * New mortgages totaling $3.82 million were placed by Meridian on two cooperative buildings totaling 94 units located on Ave. N in Brooklyn. The loans feature rates of 3.00% and five-year terms. Morris Diamant and Tzvi Krieger negotiated these transactions. * Meridian negotiated a new mortgage of $2.125 million on a 28-unit, four-story multifamily building located on Beverly Rd. in Brooklyn. The loan features a rate of 2.90% and a 10-year term. Avi Weinstock negotiated this transaction. *A new mortgage of $1 million was placed by Meridian on a 36-unit, five-story multifamily building located on East 10th St. The loan features a rate of 2.75% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.