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 new mortgage for $11,500,000 on three walk-up apartment buildings totalling 48 apartments and 4 retail stores located on Broome Street and East 10th Street in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY. The loan featured a floating rate over LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). . The transaction was negotiated by Carol Shelby. * A new mortgage for $8,000,000 on two 6-story elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, apartment buildings containing a total of 128 units. The buildings are on East 46th Street and Schenectady Avenue in Brooklyn, NY. The loan featured a rate of 5.670% and a 10-year term. The transaction was negotiated by Samuel M. Spinner. * A new mortgage for $3,500,000 on a 90-unit, 6-story elevator apartment building on Grand Concourse in the Bronx. The loan featured a rate of 5.740% and a 10-year term. The transaction was negotiated by Elliott Y. Birnbaum. * A new mortgage for $1,890,000 on a 12,600 square foot mixed-use building on Deer Park Deer Park. 1 Uninc. village (1990 pop. 28,840), Babylon town, Suffolk co., SE N.Y., a primarily residential suburb on Long Island. 2 City (1990 pop. 27,652), Harris co., SE Tex. Avenue in Deer Park, NY. The property will benefit from a rate of 6.375%, with a 10-year term. Saul Piller handled this transaction. * A second lien A Second lien financing is a form of financing secured on a second ranking basis by (more or less) the same security, which secures the first ranking financing. The first lien lenders and the second lien lenders agree that, in the event of a security enforcement or bankruptcy, the mortgage for $1,400,000 on a 60-unit, 6-story elevator apartment building on West 151st Street in New York, NY. The loan featured a rate of 6.75% and a 10-year term. The transaction was negotiated by David Hayum. * A new mortgage for $1,300,000 on a 16-unit, 4-story walk-up apartment building on Webster Avenue in the Bronx. The loan featured a rate of 6.270% and a 10-year term. The transaction was negotiated by Michael Kesselman. |
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