NEW YORK CITY-Meridian Capital Group, LLC reports it negotiated $6.5-million in acquisition financing for the purchase of a five-story mixed-use property in Brooklyn on behalf of Isaac Shalom and Madison Realty Management Corporation.
The mixed-use property at 885 Flatbush Ave. totals 28,700 square feet. Its notable tenants include Citibank, who has been at the location since 1937, and CAMBA, a large non-profit that occupies approximately two-thirds of the space, Meridian officials state.
The 10-year CMBS loan has a fixed rate of 4.10% and two years of interest-only payments. The transaction was originated by Meridian Managing Director Moshe Majeski and negotiated by Associate Michael Farkovits.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
