Meridian Capital Group Arranges $5.6M Cash-out Refinance Loan For Elmhurst Multifamily Co-op

A $5,600,000 cash-out refinance loan has been secured for a multifamily co-op located at 41-67 Judge Street in Elmhurst, Queens. The loan, provided by Meridian Capital Group, consists of a first lien of $5,100,000 and a line of credit of $500,000. The terms of the loan include a 10-year term, a 4.375% interest rate, and a 40-year amortization schedule.

Summary of transaction details

• Property Type: Multifamily Co-op
• Transaction Amount: $5,600,000
• Address: 41-67 Judge Street, Elmhurst, Queens
• Market: Elmhurst, Queens

The loan was arranged by Allan Lieberman, Asher Haft, and Jacob Kaufman of Meridian Capital Group. They represented the borrower in the cash-out refinance deal.