Pagnotta and Geller of Meridian place permanent financing totaling $20 million
Manhattan, NY Meridian Capital Group has arranged permanent financing for three properties totaling $51.5 million.
345 East 93rd Street - Manhattan, NY• $20 million in permanent financing for the refinance of Mill Rock Plaza, a cooperative property located on the Upper East Side. The 32-story property totals 298 units and is located at 345 East 93rd St., between First and Second Aves., in the Yorkville neighborhood. The 20-year loan, provided by a life insurance company, features a competitive fixed rate of 4.14% and full-term interest-only payments. This transaction was negotiated by Meridian managing director, Steve Geller, and vice president, Nicoletta Pagnotta.
333 Ovington Avenue - Brooklyn, NY• $17.1 million in permanent financing for the refinance of a multifamily property located in the Bay Ridge neighborhood of Brooklyn. The six-story, 120-unit Spanish Colonial style property is located at 333 Ovington Ave. between Third and Fourth Aves. The five-year loan, provided by a local balance sheet lender, features a competitive fixed rate of 3.25% and a 30-year amortization schedule. This transaction was negotiated by Meridian vice president, Isaac Filler.
156 Prince Street - Manhattan, N Y• $14.4 million in permanent financing was placed for the refinance of a mixed-use property located in the SoHo neighborhood. The six-story property, located at 156 Prince St., is comprised of 22 apartments and two retail spaces totaling 1,100 s/f, which are occupied by Techno Solutions Group, Inc. and Juice Press. The five-year loan, provided by a balance sheet lender, features a fixed rate of 3.5%, 18 months of interest-only payments and a five-year extension option. Negotiations were handled by Meridian managing director, Scott Assouline, and vice president, Isaac Lifshitz.