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Meridian.

Meridian announced the following transactions:

* A $7.5 million new mortgage for a 56,000 s/f commercial building on West Broadway in New York City. The loan featured a 5% and a seven-year term. Ben Grossman and Jeffrey J. Weinberg negotiated this transaction;

* A $6.96 million new mortgage for a six-story elevator building on Rugby Road in Brooklyn, N.Y. The loan featured a 5% rate and a seven-year term. Avi Weinstock and John Rhine negotiated this transaction;

* A $5.2 million new mortgage for a 136,000 s/ f commercial building on Kennedy Boulevard in North Bergen, N.J. The loan featured a 5.875% rate and a 10-year term. Morris Diamant negotiated this transaction;

* A $2.5 million new mortgage for a three-story, 22,000 s/f medical office building on Central Ave. in Cedarhurst, N.Y. The loan featured a 5.5% rate and a seven-year term. David Hayum negotiated this transaction;

* A $1.9 million new mortgage for a 16,000 s/f commercial building on East Burnside Ave. in the Bronx. The loan featured a 5.875% rate and a seven-year term. Carol Shelby and Moshe Majeski negotiated this transaction;

* A $1.875 million new mortgage for a five-story walk-up building on E. 223rd St. in the Bronx. The loan featured a 5.75% rate and a 15-year term. Michael Kesselman negotiated this transaction.
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Title Annotation:Finance; Meridian Asset Management Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 26, 2005
Words:231
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