Meridian Capital Group.Meridian Capital Group has announced the following transactions: * A new mortgage for $1.7 million on a 23-unit, six-story, mixed-use building on Eldridge St. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The loan featured a rate of 5.57% and a 10-year term. The transaction was negotiated by Cary E. Pollack and Jay Walden; * A new mortgage for $1.275 million on an 8,000 s/f retail building on Union Turnpike Union Turnpike has the following meanings:
* A new mortgage for $1.2 million on a 9,200 s/f commercial building with six retail spaces on Laurel Rd. in East Northport East Northport, uninc. residential town (1990 pop. 20,411), Suffolk co., SE N.Y., on the north shore of Long Island. , N.Y. The property will benefit from a rate of 6%, with a 10-year term. Saul Piller handled this transaction; * A new mortgage for $1.04 million on an 11-unit, five-story, walkup walk·up also walk-up n. 1. An apartment house or office building with no elevator. 2. An apartment or office in a building with no elevator. building on Longwood Ave. in the Bronx, N.Y. The loan featured a rate of 5.75% and a 10-year term. The transaction was negotiated by David Hayum; * A $1 million unsecured credit line above first mortgage on a 247-unit, two and three-story garden coop COOP See Banks for Cooperatives (COOP). apartments on Rockledge Rd. in Hartsdale, N.Y. The co-op is 88% sold and the loan featured a rate of 225bps over 90-day Libor with a 10-year term. Joseph Taub and Steve Geller negotiated this transaction. |
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