Meridian Capital Group

Real Estate Weekly,  Sept 21, 2005  

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Meridian Capital Group has announce the following transactions:

* A $11.3 million loan for the refinancing of a 101,495 s/f anchored retail building in Ocean City, MD. Matthew Texler, Jacob Katz, and Karen Cunningham negotiated a rate of 5.26% with a 10-year term.

* An $8 million loan for the 87,540 s/f Bassett Buildings in Summit, N.J. Elliot Treitel and Dina Maramonte of were able to negotiate a rate of 5.5% over a 7 year term.

* A $19.5 million loan on a 144 unit, 5-story apartment building on E. 78th St. in New York City. The loan featured a rate of 5.37% and a 10-year term. Jeffrey Weinberg, Aaron Birnbaum and Carol Shelby negotiated the transaction.

* A $4.2 million loan on an 8 unit, 5-story mixed-use building on Broadway in New York City. The loan featured a rate of 5.25% and a 7-year term. David Ostrov and Stephen Katz negotiated the transaction.

* A $1.085 million loan on a 30 unit, 6-story elevator apartment building on E. 165th St. in the Bronx, N.Y. The loan featured a rate of 5.5% and a 7-year term. Michael Kesselman negotiated the transaction.

* A $1.84 million loan was placed by Meridian on a 21 unit, 5-story walk-up apartment building on W.180th St. in New York City. The loan featured a rate of 5.79% and a 10-year term. David Hayum negotiated the transaction.

* A $1.5 million loan on a 19 unit, 8-story co-op building on Wooster St. in New York City. The loan featured a rate of 5.34% with a 10-year term. Laurie Shapiro negotiated this transaction.

* A $1 million loan on a 53 unit, 6-story co-op building on 77th St. in Jackson Heights, N.Y. The loan featured a rate of 5.5% with a 15-year term. Jonathan Sperber negotiated this transaction.

COPYRIGHT 2005 Hagedorn Publication
COPYRIGHT 2005 Gale Group