Meridian arranges $34.2 million for mixed-use and multifamily properties; Birnbaum and Shelby finance $8.9 million for 40-unit building

February 24, 2014 - Front Section
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following mortgages totaling $34.2 million: * A new mortgage of $8.9 million on a 40-unit, six-story mixed-use building located on East End Ave. The loan features a rate of 3% and a 10-year term. Aaron Birnbaum and Carol Shelby negotiated this transaction. * New mortgages totaling $12.9 million on seven multifamily properties totaling 53 units located on Willow St., Pacific St., Hicks St., Henry St. and Pineapple St. in Brooklyn. The loans feature rates of 3.25% and 12-year terms. Benjamin Klugman negotiated these transactions. * New mortgages totaling $4.05 million on two multifamily properties composed of 84 units located on West 190th St. and West 175th St. The loans feature rates of 3.5% and 12-year terms. Allan Lieberman and Asher Haft negotiated these transactions. * New mortgages totaling $4.15 million on two multifamily properties totaling 59 units located on West 11th St. and Hart St. in Brooklyn. The loans feature rates of 3.25% and five-year terms. Judah Hammer and Daniel Neiss negotiated these transactions. * A new mortgage of $2.125 million on a four-unit, three-story multifamily building located on Montrose Ave. in Brooklyn. The loan features a rate of 3.13% and a 10-year term. Isaac Filler and Sam Shifer negotiated this transaction. * A new mortgage of $2.1 million on an 18-unit, four-story multifamily building located on Malcolm X Blvd. in Brooklyn. The loan features a rate of 3.25% and a 10-year term. Filler and Shifer negotiated this transaction.

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