Meridian Capital Group

Meridian Capital Group wishes a Shana Tova to our employees, clients, lending partners, industry colleagues, and friends. As we welcome the new year, we extend our sincere hopes for good health, happiness, and prosperity to you and your loved ones.

Thank you to Commercial Observer and Isabelle Durso for covering this exciting deal! Meridian was proud to represent Copperwood in the $25M sale of 1382-1386 Second Avenue in Lenox Hill to The Torkian Group. The Meridian team, led by Meridian’s Institutional Sales Team’s Senior Executive Managing Director Helen Raki Hwang collaborated with all parties throughout the process to bring this transaction to a successful close. Read more about the deal here: https://lnkd.in/ebNU72GW #nycstrong #investmentsales

LOAN Learn More: https://lnkd.in/g2aX679H IMAGE: Brian Flax, Peter Hungerford, David Kaye & Joe Listhaus DATE: 09/20/2024 ADDRESS: NYC 14 Building Multifamily Portfolio MARKET: Brooklyn & Upper Manhattan ASSET TYPE: MultiFamily ~ UNITS: 726 LENDER: BridgeInvest LANDLORD: Peter Hungerford, David Kaye & Joe Listhaus BROKER: Brian Flax - Meridian Capital Group LOAN AMOUNT: $66,000,000 LOAN TYPE: Acquisition NOTE FROM BROKER: Meridian Capital Group arranged $66 million in acquisition financing for a 14-building, 726-unit multifamily portfolio in Brooklyn and Upper Manhattan. The portfolio, primarily rent-stabilized, is 97% occupied and in excellent condition. The non-recourse loan, provided by BridgeInvest, features a 70% loan-to-value ratio and two years of interest-only payments, with flexible extension options. The sponsors, Peter Hungerford of PH Realty and David Kaye of Rockledge, plan to leverage their experience to enhance operations. The financing was led by a team consisting of Executive Vice President Brian Flax, along with Senior Managing Director Morris Betesh. To learn more about Meridian’s unique deal structuring abilities, contact Brian Flax at 212-612-0207 #NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #Brooklyn & #UpperManhattan #MultiFamily #BrianFlax #MeridianCapitalGroup #PeterHungerford #DavidKaye #JoeListhaus #BridgeInvest

?? New Deal Alert! ?? Check out these terms! Meridian Capital Group has successfully arranged $5,000,000 in financing for a multifamily property in Denver, CO. The loan features a 5-year term at a 5.42% fixed rate, with full-term interest-only payments and a 70% loan-to-value ratio! It’s a non-recourse bank loan with a flexible prepayment penalty (3,2,1,1,1). To learn more about how Meridian can structure a customized financing solution for your property, contact David Bollag at 212-612-0262 or [email protected]

Ending September strong with a variety of new exclusives across NYC, Brooklyn, and the Bronx! For all inquiries, please contact our brokers for more information. John R. Adam Matloff Nathaniel (Netanel) Abitbol Ben Biberaj Elliot Wygoda Carson Shahrabani Alec Namdar

#WEKEEPLEASING! Retail leasing is consistently picking up and closing deals and we couldn’t be prouder of everyone's hard work! Congratulations to all parties involved and stay tuned for our new exclusives on Monday. Greg Goldberg Garrett Kelly Kyle Fink James Famularo Bobby Ortense, III Myles Vandell Kevin Bisconti Benjamin Zone Jacob Mayer Cole Kleppinger

Grateful to New York Real Estate Journal for covering our recent success in arranging financing of a 14-property #multifamily portfolio in Brooklyn & Upper Manhattan! A special thank you to Peter Hungerford for placing your trust in our team, led by Executive Vice President Brian Flax and Senior Managing Director Morris Betesh. Proud of what we’ve accomplished together! Contact Brian Flax to learn more. #Meridian #Multifamily #Brooklyn #UpperManhattan #NYCREalEstate

Thank you to Commercial Observer and Andrew Coen for covering this exciting deal! It was a pleasure to work with a top-notch sponsor and a strong relationship lender to execute this $37M refinance on a New Jersey apartment community. Proud of the collaboration and success in bringing this project to the finish line! Read more about the deal here: https://lnkd.in/eTwYEMnq

Congrats Stephen L. & Joseph Harary for closing an 2400 SF industrial lease in East Williamsburg #williamsburg #industrialleasing #notjustretail #wekeepleasing

Congrats to the Meridian Capital team on this record achievement in financing The Summit in Jersey City, NJ. In today’s challenging market, with interest rates remaining elevated and liquidity tightened across all asset classes, securing competitive financing has become increasingly difficult. This five-year deal, which features a 5.24% rate and full-term, interest-only payments, is a testament to Meridian's ability to navigate complex market conditions and deliver exceptional results for our clients. #jerseycity #multifamily #development #nycfinance