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Meridian.


Meridian announced the following transactions:

* A $25 million new mortgage for a 17-story co-op building on E. 52nd St. in New York City. The loan featured a 5.25% rate and a 15-year term. Oren Richland, Steve Geller and Laurie Shapiro negotiated this transaction;

* A $3 million new mortgage for a 16,000 s/f commercial building on E. 19th St. in Brooklyn, N.Y. The loan featured a 5.375% rate and a 15-year term. Igor Goldenberg negotiated this transaction;

* A $2.8 million new mortgage for a six-story elevator building on Heath Ave. in the Bronx. The loan featured a 5.68% rate and a 10-year term. Sean McKissic and David Rosenberg negotiated this transaction;

* A $2.45 million new mortgage for a 48,477 s/f commercial building on W. 8th St. in Brooklyn, N.Y. The loan featured a 5.25% rate and a 10-year term. Ben Grossman and Jeffrey J. Weinberg negotiated this transaction;

* A $2.025 million new mortgage for a six-story co-op building on Cortelyou Road in Brooklyn, N.Y. The loan featured a 5.625% rate and a 12-year term. Allan Lieberman negotiated this transaction;

* A $1.845 million new mortgage for a five-story walk-up building on Creston Ave. in the Bronx. The loan featured a 5.125% rate and a 10-year term. Michael Kesselman 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:Aug 18, 2004
Words:226
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