New York Real Estate Journal

Meridian Capital Group negotiates $38.31 million in financing; Birnbaum arranges $13.8 million for 267-unit coop

July 14, 2014 - Brokerage
Meridian Capital Group, LLC, one of the leading national commercial real estate finance and advisory firms, arranged the following transactions totaling $38.31 million: * A new mortgage in the amount of $13.8 million on a 267-unit cooperative property located on 75th Ave. in Bayside. The loan features a rate of 3.63% and a seven-year term. Elliott Birnbaum negotiated this transaction. * Mortgages totaling $8 million on two six-story multifamily buildings composed of 153 units located on East Mosholu Pkwy. and Richardson Ave. in the Bronx. The loans feature rates of 3.63% and seven- and eight-year terms. These transactions were negotiated by Jeffrey Weinberg and David Bollag. * A new mortgage in the amount of $4.56 million on a four-story, 33-unit multifamily property located on East 104th St. The loan features a rate of 3.47% and a five-year term. Isaac Filler and Sam Shifer negotiated this transaction. * A new mortgage of $3.5 million on a six-story, 42-unit multifamily property located on Bay 26th St. in Brooklyn. The loan features a rate of 3.5% and a five-year term. This transaction was negotiated by Joseph Taub and Daniel Blumenthal. *A new mortgage in the amount of $1.55 million on a five-story, 27-unit multifamily property located on Wayne Ave. in the Bronx. The loan features a rate of 3.44% and a five-year term. Michael Kesselman negotiated this transaction. *A new mortgage of $6.9 million on a 106-unit multifamily complex located on Classon Ave. in Brooklyn. The loan features a three-year term and was negotiated by Jacob Rochlitz and Benjamin Klugmann.