Real Estate: Finance.Meridian Capital Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced the following transactions: * Meridian procured a new mortgage for $35 million on 2 office buildings totaling 497,802 SF. The buildings are located on Livingston Street in Brooklyn, NY. The properties will benefit from a rate of 7% with a 10-year term. Aaron Birnbaum, and David Rosenberg negotiated this transaction. * A new mortgage of $5.3 million was arranged by Meridian on an anchored mall & commercial building on Hempstead Turnpike in West Hempstead West Hempstead, uninc. city (1990 pop. 17,689, including Lakeview), Nassau co., SE N.Y., on Long Island. It is chiefly residential. , NY. The loan featured a rate of 6.5% and a 7-year term. Scott Assouline negotiated the transaction. * A new mortgage of $3.7 million was placed by Meridian on a 67-unit, 6-story multifamily building on Sickles Avenue in Nyack, NY. The loan featured a rate of 6.75% and a 10-year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction. * A new mortgage of $2,437,500 was negotiated by Meridian on a 65-unit, 6-story multifamily building on St Paul's Court in Brooklyn, NY. The loan featured a rate of 6.5% and a 10-year term. Avi Weinstock arranged the transaction. * A new mortgage of $1.725 million was arranged by Meridian on a 17,365-SF medical/office building in Park Slope, Brooklyn Park Slope is a neighborhood in the western section of Brooklyn, New York City's most populous borough. Park Slope is roughly bounded by Prospect Park West to 4th Avenue, Park Place to the Greenwood Cemetery according to the New York City Department of City Planning[1] , NY. The property will benefit from a rate of 7%. David Ganz handled this transaction. * Meridian placed a new mortgage of $1.6 million on a 18-unit, 4-story walkup walk·up also walk-up n. 1. An apartment house or office building with no elevator. 2. An apartment or office in a building with no elevator. building on Prospect Place in Brooklyn, NY. The loan featured a rate of' 6.625% and a 10-year term. The transaction was negotiated by Cary E. Pollack pollack: see cod. pollack or pollock Either of two commercially important North Atlantic species of food fish in the cod family (Gadidae). . * A new mortgage of $1.1 million was placed by Meridian on a 18-unit, 5-story multifamily building on Amsterdam Avenue in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The loan featured a rate of 6.750% and a 5-year term. The transaction was negotiated by Arthur Preisler. * A new mortgage of $1 million was placed by Meridian on a 20-unit, 5-story mixed-use building on Mac Dougal Street in Manhattan. The loan featured a rate of 6.625% and a 10-year term. Moshe Majeski & Avi Weinstock negotiated the transaction. Houlihan-Parnes Realtors, LLC/iCap Realty Advisors arranged a $2.25 million first mortgage for a two-story apartment complex in Hartford, Conn. The loan featured a 7.06% rate, a 10-year term, and a 30-year amortization schedule. Jeremiah A. Houlihan arranged the financing for this transaction. Holliday Fenoglio Fowler, L.P. arranged a $9.45 million mortgage for an 110,000 SF 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 in Marlton, N.J. Tom Didio, senior managing director, arranged the financing for this transaction. Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Financial arranged a $450,000 equity bridge loan for a nursing home in Paterson, N.J. Palisades Financial acquired the note, mortgage and trustee's interest as part of a Chapter 7 bankruptcy for a retail strip center in Sparta, N.J. The transaction was valued at $420,000. |
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