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Meridian.

Meridian announced the following transactions:

* A new mortgage for $10,650,000 on s 36,000 s/f office building on West 36th Street in New York NY. The property will benefit from a rate of 6.1%, with a 10-year term. David Hayum & Eli Englard handled this transaction.

* A new mortgage for $7,500,000 on a 10-bldg. Multifamily Complex containing 228 apartments, on Burns Street in Forest Hills, NY. The loan featured a rate of 6.100% and a 20-year term. The transaction was negotiated by Avi Weinstock & Josh Rhine.

* A new mortgage for $4,725,000 for the acquisition of a 53,900 square foot Shopping Center on North Plank Road in Newburgh, NY. Major tenants include Shoprite Supermarket and Bank of America. The property will benefit from a rate of 6.50%, with a 12-year term. Allan Lieberman handled this transaction.

* A new mortgage for $2,205,000 on a 22-unit, 5-story walk-up apt. building on West 180th Street in New York, NY. The loan featured a rate of 6.160% and a 10-year term. The transaction was negotiated by Morris Diamant

* A new mortgage for $1,892,000 on a purchase of a 9-unit, 5-story WalkUp Apt. Building on East 82nd Street in New York, NY. The loan featured a rate of 6.500% and a 10year term. The transaction was negotiated by Carol Shelby.

* A new mortgage for $650,000 on a 10-unit, 4-story walk-up apt. building on West 70th Street in New York, NY. The loan featured a rate of 6.000% and a 10-year term. The transaction was negotiated by Jeffrey Weinberg & David Ostrov.
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Title Annotation:LEASES
Publication:Real Estate Weekly
Date:Aug 22, 2007
Words:272
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