Meridian.Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. announced the following transactions: * A $32 million new mortgage for a 77,000 s/f retail/office building on Hoyt St. in Brooklyn, N.Y. The loan featured a 5.33% rate and a 10-year term. Carol Shelby negotiated this transaction; * A $25.55 million new mortgage for four five-story apartment buildings on Columbus Ave. 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 5.5% rate and a 10-year term. Scott Assouline negotiated this transaction; * A $14 million new mortgage and a $3 million unsecured revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. for a luxury condominium/cooperative building on E. 89th St. in New York City. The loan featured a 5.08% rate and a 15-year term. Allan Lieberman negotiated this transaction; * A $16 million new blanket mortgage Blanket Mortgage A mortgage that covers at least two pieces of real estate as collateral for the same mortgage. for seven apartment buildings on Sound Second St. in Brooklyn, N.Y. The loan featured a 5.5% rate and a 10-year term. Joe Klein For the basketball player, see . Joe Klein (born September 7, 1946) is a longtime Washington, D.C. and New York journalist and columnist, perhaps best known for his novel Primary Colors and Morris Diamant negotiated this transaction; * A $10 million new mortgage for a six-story apartment building on Fourth Ave. in Brooklyn, N.Y. The loan featured a 5.125% rate and a seven-year term. Avi Weinstock negotiated this transaction; * A $5.175 million new mortgage for a four-story elevator apartment building on S. Bergen Place in Freeport, N.Y. The loan featured a 5.5% rate and a 10-year term. Jeffrey J. Weinberg negotiated this transaction. |
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