Seidman, Hayum, Taub, Zlotnick, and Diamant of Meridian Capital Group negotiate $47.6 million in financing for multifamily properties

April 08, 2013 - Front Section

Shamir Seidman, Meridian Capital Group, LLC

David Hayum, Meridian Capital Group, LLC

Joe Taub, Meridian Capital Group, LLC

David Zlotnick, Meridian Capital Group, LLC

Meridian Capital Group, LLC announced the following transactions totaling $47.6 million:
* Meridian negotiated a new mortgage in the amount of $3 million on two multifamily buildings totaling 63 units located on West 113th St. and Manhattan Ave. The loan features a rate of 2.75% and a 10-year term. Shamir Seidman negotiated this transaction.
* A new mortgage of $31.125 million was placed by Meridian on three multifamily buildings totaling 346 units located on Fulton Avenue in Hempstead. The loan features a rate of 3.09% and a seven-year term. David Hayum negotiated this transaction.
* Meridian negotiated a new mortgage in the amount of $4 million on a 35-unit, four-story multifamily building on 58th Street in Woodside. The loan features a rate of 2.9% and a 10-year term. Joe Taub negotiated this transaction.
* A new mortgage of $3.6 million was placed by Meridian on two multifamily buildings totaling 68 units located on 43rd Street and Ocean Parkway in Brooklyn, NY. The loan features a rate of 3% and a 10-year term. David Zlotnick negotiated this transaction.
* Meridian negotiated a new mortgage in the amount $3.1 million on a 34-unit, five-story multifamily building on Convent Avenue in New York City. The loan features a rate of 3% and a 10-year term. Shamir Seidman negotiated this transaction.
* A new mortgage of $2.8 million was placed by Meridian on a 48-unit, six-story multifamily building on East 19th Street in Brooklyn. The loan features a rate of 3.2% and a 10-year term. Morris Diamant negotiated this transaction.
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