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Meridian Capital Funding.

Meridian Capital Funding has successfully placed $18 million in first lien mortgages through various lending institutions Noun 1. lending institution - a financial institution that makes loans
financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in
.

A new mortgage in the amount of $500,000 was placed on an owner occupied "Owner occupied" may also refer to a housing cooperative
Owner occupied is a classification of UK housing tenure as described by the Department for Communities and Local Government, a UK government department that has amongst its remit the monitoring of the UK housing stock.
 five-story warehouse in The Bronx. The loan featured a fixed rate for seven years.

Meridian negotiated a new mortgage of $6.5 million on a mixed-use assemblage assemblage: see collage.
assemblage

Three-dimensional construction made from household materials such as rope and newspapers or from any found materials.
 in Chelsea. The loan featured a fixed rate for seven years.

These transactions were handled by Sumark Desai.

A new mortgage in the amount of $3 million was placed on a 48-unit, six-story elevator building on Broadway in Riverdale. The loan featured a fixed rate of 7.5 percent and a five-year term.

Meridian negotiated a new mortgage of $2.2 million on a six-story office building at Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S.  and 75th Street. The loan featured a fixed rate of 7.5 percent and a 10-year term.

Meridian negotiated a new mortgage of $1 million on two four-story buildings in Hartford, CT. The properties will benefit from a new rate of 8.09 percent and a five-year term. These transactions were handled by Joseph Taub.

A new mortgage in the amount of $1.45 million was placed on a nine-unit shopping strip in Middlesex County For the traditional county of England, see Middlesex.

For other uses, see Middlesex (disambiguation).

Middlesex County is the name of six counties in North America:
  • Canada
  • Middlesex County, Ontario
, NJ. The loan featured a fixed rate of 8 percent and a 10-year term. The loan was placed with a local thrift at par. Meridian was able to negotiate the waiver of a prepayment penalty Prepayment penalty

A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.
 provision throughout the life of the loan.

In Long Island City, Meridian negotiated a loan in the amount of $1.3 million on two walk-up apartment buildings. Meridian was able to hold the rate lock for five months, necessitated by the prepayment penalty of the existing lender. The loan, which closed in November of 1999, featured a five-year term at 7.875 percent. These transaction were handled by Elliott Y Birnbaum.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 2, 2000
Words:309
Previous Article:GCP Capital Group LLC.
Next Article:Countrywide Home Loans.
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