82
NEW YORK CITY — Meridian Capital Group LLC has arranged $16.4 million in construction financing and $5.7 million in joint venture equity for a condominium project in Queens. A local bank provided the two-year loan, which includes interest-only payments. Stonecutter Capital Management LLC provided the equity. Emanuel Westfried, a vice president at Meridian Capital, negotiated the joint venture equity on behalf of Rising Developers Group LLC and Stonecutter Capital Management LLC. The condominium development is located at 42-60 Crescent St. and will include 40 units.