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Meridian Capital Group, LLC.

Meridian Capital Group, LLC announced the following transactions:

* A new mortgage in the amount of $6,350,000 on an 81-unit, seven-story multifamily building on 171st Street in Jamaica, NY. The loan features a rate of 2.75% and a five-year term. Moe Rosenblum negotiated this transaction.

* A new package of mortgages totaling $49,500,000 on four multifamily buildings composed of 301 units located on Ocean Parkway in Brooklyn, NY and West 86th Street, West 96th Street and Riverside Drive in New York, NY The loans feature rates of 3.00% and seven-year terms. Carol Shelby and Dani Sabesan negotiated this transaction.

* A new package of mortgages totaling $25,145,000 on seven multifamily and mixed-use buildings composed of 300 units and 396,800 square feet of retail space that are located in Brooklyn, Bronx and New York, NY The loan features a rate of 3.25% and a 10-year term. Tal Bar-Or negotiated this transaction.

* A new mortgage of $3,000,000 was placed on a 69-unit, seven-story multifamily building on Grand Concourse in Bronx, NY The loan features a rate of 3.00% and a 10-year term. David Zlotnick negotiated this transaction.

* A new mortgage in the amount of $2,025,000 on an eight-unit, four-story multifamily building on Jefferson Avenue in Brooklyn, NY. The loan features a rate of 3.13% and a 10-year term. Chaim Tessler negotiated this transaction.

* A new mortgage of $1,090,000 on a 12-unit, two-story multifamily building on Union Avenue in Amityville, NY. The loan features a rate of 3.13% and a 10-year term. Carol Shelby and Dani Sabesan negotiated this transaction.
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Title Annotation:TRANSACTIONS
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Dec 12, 2012
Words:273
Previous Article:Mentor program launched.
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