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Meridian.


Meridian announced the following transactions:

* A $7 million new mortgage for a 10-story, 110,000 s/f office building on W. 26th St. in New York City. The loan featured a 15-year term. Ben Grossman and Jeffrey J. Weinberg negotiated this transaction;

* A $3.375 million new mortgage for a six-story elevator building on 101st St. in Brooklyn, N.Y. The loan featured a 4.5% rate and a seven-year term. Avi Weinstock negotiated this transaction;

* A $3.075 million new mortgage for a six-story elevator building on Broadway in New York City. The loan featured a 4.75% rate and a five-year term. Morris Diamant and Joe Klein negotiated this transaction;

* A $2.7 million new mortgage for a 16,000 s/f commercial building on Third Ave. in the Bronx. The loan featured a 4.875% rate and a seven-year term. Aaron M. Birnbaum, Carol Shelby and Moshe Majeski negotiated this transaction;

* A $2.5 million new mortgage for a five-stow loft building on White St. in New York City. The loan featured a 4.75% rate and a five-year term. Aaron M. Birnbaum and Carol Shelby negotiated this transaction;

* A $1.96 million new mortgage for a five-story walk-up building on Carpenter Ave. in the Bronx. The loan featured a 4.5% rate and a seven-year term. Charles Grussgott negotiated this transaction.

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Article Details
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Title Annotation:Finance: real estate
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 7, 2004
Words:225
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