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Meridian Capital Group negotiates $13M for multiple housing properties in N.J.

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Commercial real state firm Meridian Capital Group LLC announced the following four transactions:

According to the announcement, Meridian negotiated $4.6 million in financing for the purchase of a Staples-anchored shopping center totaling 26,115 square feet located on Deptford Road in Deptford. The loan features a rate of 3.75 percent and a seven-year term. This transaction was negotiated by Israel Schubert.

A new mortgage of $3.78 million was placed by Meridian on the five-story, 45-unit Carla Nicole Apartments multifamily property located on Boulevard East in West New York. The loan features a rate of 3.5 percent and a seven-year term. This transaction was negotiated by Elliot Treitel.

Meridian negotiated a new mortgage of $3.65 million on a four-story, 44-unit multifamily property located on Summit Avenue in Union City. The loan features a rate of 3.63 percent and a seven-year term. This transaction was negotiated by Elliot Treitel.

Meridian negotiated a new mortgage of $1 million on a four-story, 14-unit multifamily property located on Lawton Avenue in Cliffside Park. The loan features a rate of 3.5 percent and a five-year term. This transaction was negotiated by Steve Tessler, the announcement said.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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