Meridian Capital Group Negotiates $43.6 Million in Financing

May 8, 2012, New York, NY – Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, announced the following transactions:

Meridian negotiated a new mortgage in the amount of $18,000,000 on an 80-unit, 20-story multifamily building on West 86th Street in New York, NY. The loan features a rate of 3.50% and a 10-year term. Carol Shelby and Dani Sabesan negotiated this transaction.

A new mortgage of $7,940,000 was placed by Meridian on an 80-unit, six-story multifamily building on Bay 19th Street in Brooklyn, NY. The loan features a rate of 3.50% and a 10-year term. Avi Weinstock negotiated this transaction.

Meridian negotiated a new mortgage in the amount of $6,500,000 on a 9,000 square foot retail property on Steinway Street in Astoria, NY. The loan features a rate of 3.86% and a seven-year term. Carol Shelby and Dani Sabesan negotiated this transaction.

A new mortgage of $4,950,000 was placed by Meridian on two multifamily buildings totaling 33 units on West 45th Street and West 21st Street in New York, NY. The loan features a rate of 3.38% and a 10-year term. Avi Weinstock negotiated this transaction.

Meridian negotiated a new mortgage in the amount of $4,400,000 on an 83-unit, six-story multifamily building on Parkside Avenue in Brooklyn, NY. The loan features a rate of 3.38% and a 10-year term. Avi Weinstock negotiated this transaction.

A new mortgage of $1,800,000 was placed by Meridian on a 30,000 square foot office building on Third Avenue in New York, NY. The loan features a rate of 4.00% and a 10-year term. Zev Feder negotiated this transaction.

Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. www.meridiancapital.com