STATE COLLEGE, PA-Meridian Capital Group, LLC reports it has brokered more than $86-million worth of multi-family mortgage transactions in New Jersey and Pennsylvania.

The New York City-based commercial real estate finance and advisory firms reports it negotiated a new $27-million mortgage on the 410-unit Vairo Village multifamily property located in State College, PA. The loan features a rate of 3.99% and a 10-year term and was negotiated by Russ Drebin.

The firm also reports that a new $25.5-million mortgage was placed by Meridian on a 1,053-unit multifamily portfolio located in East Brunswick, Washington, Chatham and Bloomfield, NJ. The loan features a rate of 3.55% and a 10-year term. The transaction was negotiated by Israel Schubert.

The company also negotiated a new $25-million mortgage on an eight-story, 141-unit multifamily property located at Nine North 9th Street in Philadelphia. The loan features a rate of 3.375% and a seven-year term and was negotiated by David Fisher.

The firm also negotiated a new $6.48-million mortgage for the purchase of a 66-unit multifamily building on Union Street in Hackensack, NJ. The loan, negotiated by Elliot Treitel, features a 10-year term and a rate of 2.99% for the first five years, followed by 3.99%. The final deal involves a $2.2-million mortgage placed by Meridian on a 26-unit multifamily building with two commercial units totaling 3,200 square feet on Raritan Avenue in Highland Park, NJ. The loan features a rate of 3.80% and a 10-year term and was negotiated by Russ Drebin.