Meridian Capital Group

Real Estate Weekly, Sept 3, 2003

Meridian Capital Group arranged financing of $4.65 million on a 96-unit, six-story apartment building on 35th Ave. in Jackson Heights, N.Y. The loan featured a rate of 4.75% and a seven-year term. Avi Weinstock negotiated the transaction;

* A mortgage modification amounting to approximately $3.46 million was negotiated by Meridian Capital on a 144-unit, two-story garden apartment complex on Bayshore Road in Cape May, N.J. The loan features a rate of 4.375% and an 11-year term. Allan Lieberman handled the transaction;

* Meridian placed a $2.5 million new mortgage on a 21,800 SF commercial building on West Fordham Road in the Bronx. The property will benefit from a rate of 5.5%, with a 10-year term. Aaron M. Birnbaum and Moshe Majeski handled this transaction;

* Meridian placed a $2.25 million new mortgage on a 103-unit, six-story apartment building on St. Theresa Ave. in the Bronx. The loan featured a rate of 4.75% and a seven-year term. Michael Kesselman negotiated the transaction;

* Meridian arranged a new mortgage of $1.5 million on a six-story apartment building on Townsend Ave. in the Bronx. The loan featured a rate of 5% and a seven-year term. Saul Piller negotiated the transaction;

* Meridian placed a $1.3 million new mortgage on a 15,000 SF office building on W. 28th St. in New York City. The property will benefit from a rate of 5.5%, with a 10-year term. Allan Lieberman handled this transaction;

* Meridian placed a $1.15 million loan on a 46-unit, six-story apartment building on E. 17th St. in Brooklyn, N.Y. The loan featured a rate of 5.5% and a 10-year term. Arthur Preisler negotiated the transaction.