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Meridian Capital.

Meridian Capital announced the following transactions:

* New mortgages totaling $5,450,000 were placed on four multifamily properties totaling 33 units located on Bushwick Avenue, Hancock Street, Kosciuszko Street and Madison Avenue in Brooklyn and New York, NY. The loans feature rates of 3.13% and five-year terms. This transaction was negotiated by Jack Coopersmith.

* A new mortgage in the amount of $24,500,000 on a 20 story, 258-unit multifamily property located on Mermaid Avenue in Brooklyn, NY. The loan features a rate of 3.63% and a five-year term. Scott Assouline and Isaac Lifshitz negotiated this transaction.

* A new mortgage of $19,475,000 on a 12-story, 164 unit cond-op property located on Shell Road in Brooklyn, NY. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by David Zlotnick and Sam Shifer.

* A new mortgage in the amount of $2,350,000 on an eight-unit multifamily property located on Manhattan Avenue in Brooklyn, NY. The loan features a rate of 3.25% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.

* A new mortgage of $1,500,000 was placed on a 14-story, 96-unit multifamily property located on Ocean Avenue in Brooklyn, NY. The loan features a rate of 3.63% and a seven-year term. The transaction was negotiated by Morris Diamant and Jacob Rochlitz.

* A new mortgage in the amount of $1,400,000 on an l 1-story, 57-unit cooperative property located on East 69th Street in New York, NY. The loan features a rate of 3.38% and a 10-year term. Steve Geller and Michael Farkovits negotiated this transaction

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Title Annotation:TRANSACTIONS; Meridian Capital Group L.L.C.
Publication:Real Estate Weekly
Article Type:Brief article
Date:Feb 26, 2014
Words:274
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