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Meridian Capital Group Secures $8.61 Million Refinance For Queens Medical Office And Multifamily Portfolio

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FINANCED
$8,610,000

New York

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MultiFamily
Financed 05/09/2025
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Property Image
FINANCED

Meridian Capital Group Secures $8.61 Million Refinance For Queens Medical Office And Multifamily Portfolio

111 17 Northern Boulevard & 175 20 Hillside Avenue

See Similar Deals
MultiFamily
Financed 05/09/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a portfolio comprising medical office and multifamily properties located at 111-17 Northern Boulevard and 175-20 Hillside Avenue in Queens. The loan amount for the refinance transaction is $8,610,000, facilitated through a fixed-rate, interest-only loan structure.

Summary of transaction details:

Simon Rosenfeld and John Bianco, both Senior Vice Presidents at Meridian Capital Group, represented the brokers in this refinancing transaction. They can be contacted at their respective phone numbers, 212-612-0110 for Simon Rosenfeld and 212-612-0297 for John Bianco, for further inquiries regarding financing options.

Players

John Bianco
31 deals$427.7M volume
BROKER

Simon Rosenfeld
Meridian Capital Group
18 deals$667.9M volume(212) 612-0110
BROKER

Details

FINANCED
IMAGE: Simon Rosenfeld & John Bianco DATE: 5/9/2025 ADDRESS: 111-17 Northern Boulevard & 175-20 Hillside Avenue MARKET: Queens ASSET TYPE: Medical Office & Multifamily Portfolio BROKERS: Simon Rosenfeld (@SimonRosenfeldNYC) & John Bianco (@JohnBianco27) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $8,610,000 LOAN TYPE: Refinance LOAN TERMS: Fixed-rate, interest-only loan. NOTE FROM BROKER: For more information on how Meridian can add value to your portfolio on your next financing please contact: Simon Rosenfeld Senior Vice President 212-612-0110 [email protected] John Bianco Senior Vice President 212-612-0297 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,610,000.00

Monthly NOI$57,400.00
Monthly Debt Service$54,421.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00