Meridian Capital Group

Meridian Capital Group arranges $16.5 million in construction financing for mixed-use property

April 17, 2024

Queens, NY Meridian Capital Group arranged $16.5 million in ground-up construction financing for a mixed-use property consisting of multifamily and retail space at 183-03 Hillside Ave.

The 24-month loan was provided by a balance sheet lender and features full-term interest-only payments. This transaction was negotiated by Meridian vice presidents, Eli Serebrowski and Eli Finkel, who are both based in the company’s New York City headquarters.

Located at 183-03 Hillside Ave. in the Jamaica neighborhood, the seven-story, mixed-use building will span 56,000 s/f across seven stories when complete. The property will consist of 46 residential units and ample ground floor retail space, and benefits from immediate proximity to the 179th St. subway station. Tenants will also benefit from amenities including an onsite gym, recreation space, rooftop, and indoor parking.

Featuring:
Read Article
Recent Articles | Back to News

Eternal Takes 12K SF at 525 West 26th Street for Fitness Center

Article
April 17, 2024

Specialty supermarkets, eateries nabbed 7 of NYC’s top 10 retail leases last month

Article
April 17, 2024

Citigroup, Société Générale Close $108M CMBS Loan for Self-Storage Refi

Article
April 17, 2024

Chinese Fast-Food Chain Zhoumapo to Open First U.S. Location in Times Square

Article
April 17, 2024

Manhattan Skyline Management Corp. Welcomes Gourmet Bakery Empire Cake to 450 Sixth Avenue in the West Village

Article
April 17, 2024

S3 Capital Supplies $59M Construction Loan for Jersey Resi Tower

Article
April 17, 2024