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Financing Secured for Brooklyn Resi Acquisition

NEW YORK CITY—Located at the intersection of the Bedford-Stuyvesant, Clinton Hill and Williamsburg neighborhoods, the multifamily property includes 17,000 square feet of retail space.

756 Myrtle Ave. The six-story property at 756 Myrtle Ave. has 72 units, 17,000 square feet of retail space and a 48-car parking garage.

NEW YORK CITY—Meridian Capital Group has arranged $34 million in acquisition financing for the purchase of a multifamily property with retail and parking, located at the intersection of the Bedford Stuyvesant, Clinton Hill and Williamsburg neighborhoods in Brooklyn.

The five-year loan, provided by a regional balance sheet lender, features a fixed-rate of 3.25% and an interest-only component. This transaction was negotiated by Meridian VP Sam Shifer, who is based in the company’s headquarters here. GlobeSt.com was unable to determine the identity of the borrower at press time.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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