Mid Atlantic Real Estate Journal — February 28 - March 13, 2014 — A
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M id A tlantic R eal E state J ournal Totaling 533 units in NJ, PA, MD and CT Meridian negotiates $26.2m in financing for multifamilies N EW YORK , NY – Meridian Capi- tal Group, LLC
UPCOMING SPOTLIGHTS!
multifamily complex located on Newman Place in Roselle, NJ. The loan features a rate of 4.00% and a 15-year term. This transaction was negoti- ated by Jay Jacobovitch . Meridian negotiated a new mortgage in the amount of $2,300,000 on a four-story, 72-unit multifamily property located on Garrett Rd. in Lans- downe, PA. The loan features a rate of 3.63% and a seven-year term. This transaction was ne- gotiated by Max Beyderman . Anewmortgageof $1,800,000 was placed by Meridian on a
three-story, 15-unit multifam- ily property located on East Biddle St. in Baltimore, MD. The loan features a rate of 4.41% and a seven-year term. This transaction was negoti- ated by Jay Jacobovitch. Meridian negotiated a new mortgage in the amount of $1,750,000 for the purchase of a three-story, 56-unit mul- tifamily complex located on Elam St. in New Britain, CT. The loan features a rate of 3.66% and a five-year term. This transaction was negoti- ated by Shalom Krohn . n
MARCH 28TH BEST OF 2013 DEADLINE: FEB. 14TH
announced the follow- ing transac- tions: Mer idian nego t i at ed a new mort- gage in the amount o f $4 , 480 , 000
APRIL 11 APPRAISAL DEADLINE: MAR. 28TH
Elliot Treitel
Sitar Co. announces sale of 332,000 s/f industrial building EDISON, NJ — Sitar Com- pany announced the sale of 45 Brunswick Ave. to 45 Bruns- wick Ave, LLC for an undis- closed price. The property, which consists of 332,000 s/f of industrial space, was owned by NJINDBrunswick, Avenue, LLC. Tom Monte and Bill Sitar, Jr. brokered the deal and the sale was finalized in January, 2014. n Meridian negotiated a new mortgage in the amount of $4,740,000 on three multi- family properties totaling 90 units located on Lincoln Ave. in Newark, NJ. The loan features a rate of 3.45% and a seven-year term. This transac- tion was negotiated by Russ Drebin . Anewmortgageof $3,000,000 was placed by Meridian on a two-story, 70-unit garden-style The Hampshi re Cos. sells multi- tenant ind. building for the purchase of a five- property multifamily portfolio totaling 150 units located in Bridgeport, CT. The loan features a rate of 2.88% and a three-year term. This transac- tion was negotiated by Elliot Treitel . Anewmortgageof $8,100,000 was placed by Meridian on the 80-unit Grand Lee Apart- ments multifamily property located in Leonia, NJ. The loan features a rate of 3.99% and a seven-year term. This transaction was negotiated by Abe Schonfeld . EastRutherford, NJ — The Hampshire Compa- nies announced the sale of a 135,498 s/f industrial building located at 25 East Union Ave. CBRE represented The Hampshire Companies in this transaction. n
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