Meridian Capital Group

Real Estate Weekly, Oct 24, 2001

Meridian Capital Group announced the following transactions:

* A new mortgage of $3.65 million for a six-story multifamily building on Hoover Ave. in Briarwood, N.Y. The loan featured a 6.5% rate and a 10-year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction.

* A new mortgage of $3.5 million for a package of three four-story multi-family buildings totaling in Astoria, N.Y. The loan featured a 7.25% rate and a 15-year term. Yigal Y. Niasoff negotiated the transaction.

* A new mortgage of $1.675 million for a six-story multifamily building on W. 177th St. in New York City. The loan featured a 6.75% rate and a 10-year term. Avi Weinstock and Saul Piller negotiated the transaction.

* A new mortgage of $1.425 million for a 12,500 SF commercial building on Grand Concourse Ave. in the Bronx. David Ganz handled this transaction.

* A new mortgage of $1.3 million for a four-story brownstone building on W. 94th St. in New York City. The loan featured a 6.75% rate and a 10-year term. Morris Diamant arranged the transaction.

M. Robert Goldman & Company, Inc. has arranged $22 million in acquisition financing for the purchase of a 252,236 SF office building located at 1400 Old Country Road in Westbury, N.Y. The loan featured a 25-year, self-liquidating term.