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Meridian Capital Group. (Finance).

Meridian Capital Group announced the following transactions:

* A new mortgage of $20 million on a 101-unit, 16-story doorman building on Park Avenue in New York City. The loan featured a rate of 6.04% and a 10-year term. Avi Weinstock negotiated the transaction.

* A new mortgage of $10 million was placed on a 99-unit, 15-story mixed-use building on West 76th Street in Manhattan. The loan featured a floating rate. The transaction was negotiated by Jeffrey J. Weinberg & David Ostrov.

* A new mortgage of $5 million was arranged on a 100-unit, mixed-use building on 4th Avenue in Brooklyn, NY. The loan featured a rate of 6.75% and a 10-year term. The transaction was negotiated by Aaron M. Birnbaum & Carol Shelby.

* A new mortgage of $4 million was placed on a prime, 7-story brick building on East 67th Street in New York City, between Madison & 5tg Avenue. The property is comprised of 12 residential units and ground floor retail space. The loan featured a rate of 6.04% and a 10-year term. The transaction was negotiated by Avi Weinstock.

* A new mortgage was placed for $3.5 million on a newly renovated 16-story, 87,800-SF office building on West 38th Street in Manhattan's garment district. The property will benefit from a fixed rate of 6.5% with a 10-year term. Allan Lieberman handled this transaction.

* A new mortgage of $1.9 million was placed on a 34 unit, multifamily building on Grand Avenue in Englewood, NJ. The loan featured a rate of 6.9% and a 10-year term. The transaction was negotiated by Scott Assouline.
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Title Annotation:new mortgage contracts
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 26, 2002
Words:264
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