Serebrowski and Schmuckler of Meridian Capital arrange $10.7 million to refinance Queens multifamily

Queens, NY Meridian Capital Group arranged $10.7 million in financing for the refinance of a multifamily property located in the Flushing neighborhood.

The seven-year loan, provided by a balance sheet lender, features a competitive fixed rate of 3.13%. This transaction was negotiated by Meridian vice presidents, Eli Serebrowski and Jacob Schmuckler.

The property, located at 137-02 Northern Blvd., is an eight-story, 71-unit multifamily property, consisting of 20 studios, 20 one-bedroom apartments and 31 two-bedroom apartments. Built in 2000, the elevator building features high-speed Internet access, air conditioning, wheelchair accessible rooms and a concierge service. The property is close to the 7 subway line and the 7X Flushing Express line at the Flushing-Main St. station.

“Meridian was able to leverage its unparalleled NYC area banking relationships to provide an extremely competitive rate in a challenging interest rate environment,” said Serebrowski.