Meridian Capital Group Secures $12.9M Acquisition Loan For Mixed-Use Property On 9th Avenue, New York

Meridian Capital Group's Shamir Seidman, Daniel Neiss, and Jonathan Kimiabaksh facilitated the acquisition of a mixed-use property located at 108-110 9th Avenue in New York. The transaction closed on November 16, 2022.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $12,885,000
• Loan Type: Acquisition
• Loan Terms: Low 5’s with an IO component

The property at 108-110 9th Avenue offers a variety of uses, combining residential and commercial spaces. With an acquisition loan amounting to $12,885,000, the transaction was successfully closed. The loan terms included a low 5% interest rate, with an interest-only component.

Shamir Seidman, Daniel Neiss, and Jonathan Kimiabaksh from Meridian Capital Group played a key role in representing the involved parties and facilitating the acquisition of the mixed-use property.