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Meridian.

Meridian announced the following transactions:

* A new mortgage for $12,100,000 on an industrial property containing 115,000 s/f, on Wallabout Street in Brooklyn, NY. The loan featured a 10-year term. The transaction was negotiated by Morris Diamant.

* A new second mortgage for $7,500,000 on a 150,000 s/f industrial building on West 39th Street in New York, NY. The property will benefit from a rate of 6.250%. Saul Piller handled this transaction.

* A new mortgage for $5,075,000 on a 102-unit, 17-story co-op building on Sutton Place South in New York, NY. The co-op is 100% sold and the loan featured a rate of 5.390% with a 10-year term. Steve Geller and Rael Gervis negotiated this transaction.

* A new mortgage for $3,500,000 on a 44-unit, 5-story walk-up apartment building on West 133rd Street in New York, NY. The loan featured a rate of 5.875% and a 10-year term. The transaction was negotiated by Saul Piller and Joe Waldman.

* A new mortgage for $2,532,800 on a 22-unit, 6-story mixed-use building containing 3 retail spaces, on Lenox Avenue in New York, NY. The loan featured a rate of 6.000% and a 10-year term. The transaction was negotiated by Saul Piller and Michael Kesselman.

* A new second mortgage for $1,000,000 on a 32-unit, 4-story walk-up apartment building on Dean Street in Brooklyn, NY. The loan featured a rate of 6.750% and a 10-year term. The transaction was negotiated by Carol Shelby and Benjamin Klugman.

* A new mortgage for $12,000,000 for a land acquisition on Third Avenue in New York, NY. The loan featured a rate of 5.64% and a 10-year interest-only term. The transaction was negotiated by Jay Walden and Laurie Shapiro.

* A new mortgage for $6,110,000 on a 40-unit, 6-story elevator apartment building on East End Avenue in New York, NY. The loan featured a rate of 5.510% and a 10-year term. The transaction was negotiated by Carol Shelby.

* A new mortgage for $3,925,000 on a 64-unit, 6-story elevator apartment building on 23rd Avenue in Brooklyn, NY. The loan featured a rate of 5.59% and a 10-year term. The transaction was negotiated by Avi Weinstock.

* A new mortgage for $3,100,000 on a 48-unit 6-story elevator apartment building on Quentin Road in Brooklyn, NY. The loan featured a rate of 5.59% and a 10-year term. The transaction was negotiated by Avi Weinstock.

* A new mortgage for $1,500,000 on a 5-story walk-up apartment building on East 115th Street in New York, NY. The loan featured a rate of 6.125% with a 10-year term. Ami Levin and Zev Feder negotiated this transaction.

* A new mortgage for $1,445,000 on a 46-unit, 4-story multifamily building on Broadway in West New York, NJ. The loan featured a rate of 5.875% and a 10-year term. The transaction was negotiated by Morris Diamant and Sam Shifer.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Dec 27, 2006
Words:502
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