New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + Uptown/Bronx  + Finance  | 
Scott Assouline Meridian Capital

Meridian Arranges $38M Financing on Bronx Portfolio

Meridian Capital Group arranged $38 million in financing to refinance a multifamily portfolio of nine properties in the Bronx. The 10-year loan, provided by a savings bank, features a fixed rate of 3.00% for the initial five years, three years of interest-only payments and a flexible prepayment penalty.  

The transaction was negotiated by Meridian managing director Scott Assouline and VP Isaac Lifshitz, both based in the company’s New York City headquarters. 

“While there have been rent stabilized multifamily properties in the five boroughs that have been adversely impacted by the pandemic, it was apparent in negotiating this financing that the hands-on ownership and management of the portfolio provided the lender with confidence to proceed,” said  Assouline. 

Pictured: Scott Assouline.

Connect

Inside The Story

Meridian Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing