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 $10,650,000 on s 36,000 s/f office building on West 36th 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 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 shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into on North Plank Road a road surface formed of planks.
See also: Plank in Newburgh, NY. Major tenants include Shoprite Supermarket and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . 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 walk·up also walk-up
1. An apartment house or office building with no elevator.
2. An apartment or office in a building with no elevator. 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.