NEW YORK CITY — Meridian Capital Group has arranged a $50.6 million mortgage to refinance a multifamily portfolio of properties located throughout Brooklyn and New York City. The borrower is Manhattan-based Fine Times Inc. The 17-property multifamily building portfolio totals 281 units located on West 68th Street, West 69th Street, West 70th Street, West 71st Street, West 73rd Street on Manhattan’s Upper West Side and on Columbia Heights, Pierrepont Street and Montague Terrance in the Brooklyn Heights neighborhood of Brooklyn. The seven-year loan, provided by a regional balance sheet lender, features a 3.38 percent fixed rate, three years of interest-only payments and a 30-year amortization schedule. Shamir Seidman of Meridian Capital’s New York City headquarters negotiated the transaction.
The multifamily property located on Pierrepont Street in Brooklyn is part of Fine Time Inc.’s 17-property multifamily portfolio.
Meridian Capital Arranges $50.6M Loan for NYC Multifamily Portfolio
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