Meridian Capital Group Negotiates $34.4 Million in Financing for Mixed-Use, Multifamily and Cooperative Properties in New York, Brooklyn and Freeport, NY

Sep 11, 2013

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:

Meridian negotiated a new mortgage of $2,100,000 on a 45-unit, four-story multifamily building located on Ocean Avenue in Brooklyn, NY. The loan features a rate of 2.85% and a five-year term. Cary Pollack negotiated this transaction.

A new mortgage of $9,250,000 was placed by Meridian on a 32-unit, four-story multifamily building located on Manhattan Avenue in Brooklyn, NY. The loan features a rate of 3.05% and a five-year term. Charles Grussgott negotiated this transaction.

Meridian negotiated a new mortgage of $8,300,000 on nine cooperative buildings totaling 162-units located on Westend Avenue in Freeport, NY. The loan features a rate of 3.63% and a 10-year term. Jacob Schmuckler negotiated this transaction.

New mortgages totaling $6,750,000 were placed by Meridian on two mixed-use buildings totaling 12 units and two retail spaces and two multifamily buildings totaling 26 units. The properties are located on Fifth Avenue, East 125th Street and West 145th Street in New York, NY. The loans feature rates of 3.65% and 10-year terms. Simon Rosenfeld and Kyle Friedland negotiated these transactions.                                             

Meridian negotiated new mortgages totaling $6,150,000 on two multifamily buildings totaling 109 units located on 21st Avenue in Brooklyn and Charlton Street in New York, NY. The loans feature rates of 3.08% and seven-year terms. Dan Blumenthal and Joseph Taub negotiated these transactions.

A new mortgage of $1,850,000 was placed by Meridian on an 18-unit, four-story multifamily building located on East 98th Street in Brooklyn, NY. The loan features a rate of 3.00% and a 10-year term. Morris Diamant negotiated this transaction.

Founded in 1991, Meridian Capital Group, LLC is one of the nation’s largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com