MERIDIAN NEGOTIATES $44 MILLION IN FINANCING FOR MANHATTAN OFFICE BUILDING

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NEW YORK CITY — Meridian Capital Group has negotiated a $44 million mortgage loan to recapitalize a 17-story, 160,000-square-foot office building in Midtown Manhattan. The 7-year loan provided by a local savings bank includes a 4.3 percent rate and interest-only payments for the first year. The building is located on East 45th Street and is 98 percent occupied. Tenants include LIM College and AT&T. Allan Lieberman of Meridian arranged the transaction.

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