Mid Atlantic Real Estate Journal — Financial Digest — March 16 - 29, 2012 — 11A
www.marejournal.com
F INANCIAL D IGEST
ISELIN, NJ – Merid- ian Capital Group, LLC, announced the For multi-family and mixed-use properties Meridian Capital Group, LLC negotiates $69.3 million in financing T term. The transaction was negotiated by David Cohen and Russ Drebin.
ated by Abe Schonfeld. Meridian negotiated a new mortgage in the amount of $2,700,000 on a three-story mixed-use building in Bal- timore, MD. The property contains 34 apartments and 8 commercial spaces. The loan features a rate of 4.47% and a 10-year term. The transac- tion was negotiated by Joshua Gorsky. Anewmortgage of $2,000,000 was placed by Meridian on a four-story multifamily build- ing situated on East Vernon Road in Philadelphia, PA. The property contains 52
apartment units. The loan features a rate of 4.25% and a seven-year term. The transac- tion was negotiated by Russ Drebin. Anewmortgage of $2,300,000 was negotiated by Meridian for the purchase of a multi- family complex located on Schraffts Drive in Waterbury, CT. The property contains 64 apartment units. The loan features a rate of 4.25% and a five-year term. The transac- tion was negotiated by David Cohen. Meridian negotiated a new mortgage in the amount of
$4,300,000 on a garden apart- ment style multifamily com- plex totaling 27 units on Windsor Drive in Palisades, NJ. The loan features a rate of 4.32% and a 10-year term. The transaction was negoti- ated by Russ Drebin. Anewmortgage of $1,900,000 was placed by Meridian on a four-story brick multifamily building on 60th Street in West NewYork, NJ. The prop- erty contains 44 apartment units. The loan features a rate of 4.15% and a seven-year term. The transaction was ne- gotiated by Steve Tessler. ■
A n e w mortgage of $23,150,000 was placed by Meridian on the Hid- den Creek Apartments multifamily c ommun i t y
f o l l o w i n g t r a n s a c - tions: M e r i d i a n nego t i at ed a new mort- gage in the amount o f $32,900,000 on Berkshire
Russ Drebin
David Cohen
located in Bayville, NJ. The property contains 236 units. The loan features a rate of 3.90% and a seven-year term. The transaction was negoti-
at the Shipyard, a luxury mul- tifamily building containing 93 loft style units in Hoboken, NJ. The loan features a rate of 4.13% and a seven-year Mainardi Mgmt. Co. closes new loans WAYNE, NJ – The Mainardi Management Co. announced the closing of several new loans during the past year. Last spring, the company obtained $19.3 million loan on the Shops at Windsor Green, a 157,000 s/f shopping center in Princeton, New Jersey. The 10-year fixed-note loan was with Aviva Life and Annuity Company of Des Moines, Iowa. Andrew Stewart and Anna Westhoff of CronheimMortgage placed the loan with Aviva. In the summer of 2011, the company closed a $4.1 mil- lion mortgage on the Franklin Shopping Center, a 57,600 s/f property located in Sussex County, New Jersey. The new loan was with Amalgamated Bank of New York and was placed by Greg Nalbandian of Northmarq Capital. In February of this year, the company closed two loans. One was for Union Medical Park, a 200,000 s/f medical office building ian Union, New Jersey which at one time operated as Union Hospital. The $7.5 mil- lion loan was obtained from Customers Bank of Wyomiss- ing, Pennsylvania and was negotiated byAndrew Stewart, Anna Westhoff and Dev Morris of Cronheim Mortgage. Also in February of 2012, the company obtained an $11,750,000 mortgage on the Greentree Square Shopping Center, a 110,000 s/f shopping center in Marlton, New Jersey anchored by Whole Foods. The new loan was placed with Allstate Insurance Company and carried a fixed rate of 4.05% for ten years. Tom Didio and Mike Cerullo of Holliday Fenoglio Fowler obtained the mortgage. ■
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