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Meridian’s Lieberman Closes 4 Apartment Loans in 8 Days
Meridian Capital Group arranged $22.6 million in financing for four New York City-area multifamily properties within eight days. The transactions in the Bronx, Brooklyn and Northern New Jersey were negotiated by Meridian managing director Allan Lieberman.
These transactions included the following:
• $5.7 million in 10-year financing for 3094 Brighton 5th Street in Brooklyn at a rate of 3.73%
• $5 million in 10-year financing for 239 Ocean Ave. in Brooklyn featuring a rate of 3.93% and full-term interest-only payments
• $4.9 million in 10-year financing for 730 E. 236th St. in the Bronx featuring a rate of 3.70% and full-term interest-only payments
• $7 million in five-year financing for 125-161 S. Maple Ave. in Ridgewood, NJ featuring a rate of 3.85% and full-term interest-only payments.
“Meridian’s deep lender relationships allowed us to quickly identify three unique lenders, structure the loans and negotiate favorable terms on behalf of our clients,” said Lieberman.
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