Seidman of Meridian arranges $10 million in acquisition financing; purchase of fee position on behalf of Fine Times, Inc.

New York, NY Meridian Capital Group, one of America’s most active debt brokers, negotiated $10 million in acquisition financing for the purchase of the fee position beneath a 20-story multifamily on behalf of Fine Times, Inc. The 10-year loan, provided by a local balance sheet lender, features a fixed-rate of 3.74% and interest-only payments for the full term. This transaction was negotiated by Meridian vice president, Shamir Seidman, who is based in the company’s New York City headquarters. The property is located at 1080 Amsterdam Ave. where a 20-story, 96-unit multifamily property sits. This location, in the Morningside Heights neighborhood, is close to Columbia University, Riverside Park and the Upper West Side. Residents enjoy an active food and music scene and immediate access to mass transit.