The Most Comprehensive Source for Commercial Real Estate News in the Region 

What is your most notable project, deal or transaction? My most notable transaction to date went into process and closed after the onset of COVID-19; I arranged $6.1 million in financing for two mixed-use properties in Newark, NJ. Despite the uncertainties and challenges presented by the pandemic, I was able to negotiate very favorable terms for my client and closed the 10-year loan at a rate of 2.85%. Read More #30Under30 #MeridianCapitalGroup

HOLMDEL, NJ — Meridian Capital Group, America’s most active dealmaker, arranged $200 million in financing to refinance Bell Works, a class A office campus that was magnificently redeveloped from the historic Bell Labs scientific research center in Holmdel. The loan, provided by a balance sheet lender, was negotiated by Meridian senior managing director, Drew Anderman, senior vice president, Josh Berman, and vice president, Eli Serebrowski, who are all based in the company’s

What is your greatest professional accomplishment? I joined Meridian after college in January 2013 without any background in real estate finance. Since then, I’ve been able to build a successful career in a field with almost unlimited growth potential at a great company that has given me the tools to constantly move forward. Through hard work and a determination to learn the business, I was quickly able to get to a point where I became a core member of the Meridian team and h

ABERDEEN, NJ — Meridian Capital Group arranged $52 million in financing to refinance a multifamily community in Aberdeen on behalf of BNE Real Estate Group. The 15-year loan was provided by a life insurance company and features five years of interest-only payments. This transaction was negotiated by Meridian managing director, Marvin Jeremias, who is based in the company’s Iselin office. Located at 1101 Schindler Dr., the Link at Aberdeen Station is a luxury multifamily com

The Lena Loan: $46 Million Institution: Castle Lanterra Properties Financier: New York Community Bank Location: Raritan, NJ Size of Property: 224 Units Meridian arranged $46 million in financing to refinance The Lena, a multifamily community in Raritan, NJ on behalf of Castle Lanterra Properties. The five-year loan, which was provided by a balance sheet lender, features a rate of 3.75% and one year of interest-only payments followed by a 30-year amortization schedule. Meridi

SOMERVILLE, NJ — Meridian Capital Group arranged $27.5 million in financing to refinance The Cobalt, a multifamily property in Somerville on behalf of Weiss Properties. The 12-year loan was negotiated by Meridian senior managing director, Shaya Ackerman, and senior vice president, Shaya Sonnenschein, who are both based in the company’s NYC HQ. Located at 70 Veterans Memorial Dr. East in downtown Somerville, The Cobalt was built from the ground up by Weiss Properties and co

RAHWAY, NJ — One Wall Partners, an owner and manager of transit-oriented workforce housing, has acquired Park Square Apartments, a 159-unit Class-A apartment complex with 6,000 s/f of ground-floor retail space in Rahway. Located at 1 and 2 Park Square in downtown Rahway’s revitalized Arts District, Park Square Apartments features two adjacent four-story buildings connected by a shared courtyard. The buildings were completed in 2009 and 2011. Park Square’s one- and two-bedr

BAYONNE, LINDEN AND RARITAN, NJ — Meridian Capital Group arranged $258 million in acquisition and construction financing for three multifamily developments in Bayonne. Linden and Raritan, NJ on behalf of Jack Klugmann and Accurate Builders & Developers. The $258 million financing package, provided by Madison Realty Capital, was negotiated by Meridian senior managing director, Shaya Ackerman, and senior vice president, Shaya Sonnenschein, who are both based in the company’s

What is your greatest professional accomplishment? My greatest professional accomplishment is knowing that my clients have come to rely on me as a resource and view the service that Meridian provides as an integral part of their businesses. What is your most notable recent project, deal or transaction? I closed $111 million in financing for three multifamily properties located on the Upper West Side of New York, NY. The transaction required an agile lender that would be a

RARITAN, NJ — Meridian Capital Group arranged $46 million in financing to refinance a multifamily community in Raritan, NJ on behalf of Castle Lanterra Properties. The five-year loan, provided by a balance sheet lender, features a rate of 3.75% and one year of interest-only payments followed by a 30-year amortization schedule. Meridian senior vice president, Barry Lefkowitz, who is based in the company’s Iselin office, negotiated the financing for this transaction. “Meridi

HACKENSACK, NJ — Meridian Capital Group arranged $19 million in financing to refinance a multifamily community in Hackensack. The seven-year loan, provided by a balance sheet lender, features a rate of 3.625% and was negotiated by Meridian vice president, Judah Hammer, and senior vice president, Zev Karpel, who are based in the company’s New York City headquarters. Located on Acadia Rd. in Hackensack, NJ, Summit Gardens consists of 14 two-story, garden-style buildings cont

ROSELLE, NJ — The Kislak Company, Inc. announced the $5.3 million sale of a 35-unit apartment building at 533 East 2nd Avenue in Roselle. Senior vice president, Joni Sweetwood, represented the seller, Teleflora Realty Group, LLC -- a long-time Kislak client – as well as the buyer, Goldcrest Properties, a new client. Sweetwood commented: “Buyers are attracted to new construction and gut-renovated properties when there is a PILOT program in place, and this property had a 30-y

SOMERVILLE, NJ — Meridian Capital Group arranged $15 million in construction financing for The Davenport, a multifamily property in Somerville, on behalf of developer Robert Weiss of Weiss Properties. Located at 21 Davenport St., The Davenport will feature four stories with 60 one- and two-bedroom luxury rental units. With direct access to major highways and a plethora of shopping and dining in the area, the property will attract young professionals looking for a new, moder

Jersey City, NJ — Meridian Investment Sales, the commercial property sales division of Meridian Capital Group presents for sale the Avenir, a mixed-use development site located in the Marion neighborhood of Jersey City. Senior executive managing director, David Schechtman, and managing directors, Lipa Lieberman and Abie Kassin, are representing the seller in this transaction.Located at 1072 and 1075 West Side Ave., the site spans 3.35 acres and contains 659,000 buildable s/f

Columbia, MD — Meridian Capital Group, arranged $42.4 million in agency financing for the purchase of a 300+ unit multifamily property in Columbia. The 15-year Fannie Mae loan was provided by Capital One Multifamily Finance and features a fixed-rate of 3.93% and full-term interest-only payments. This transaction was negotiated by Meridian senior vice president, Sam Grunberger and managing director, Barry Lefkowitz, who are both based in the company’s Iselin, NJ office. Meri

Hatfield, PA — Meridian Capital Group, America’s most active dealmaker, negotiated $70 million in balance sheet financing to refinance Hatfield Village, a multifamily community in Hatfield, on behalf of Scully Company. The seven-year, fixed-rate loan, provided by a local balance sheet lender, features a rate of 3.70% and two years of interest-only payments. This transaction was negotiated by Meridian senior vice presidents Russ Drebin, David Fisher, and Scott Jackson, who ar

Phoenixville, PA — Meridian Capital Group arranged $51 million in construction take out financing to refinance the Phoenix Village Apartments located in Phoenixville, on behalf of The Fox Companies. The three-year loan, provided by a balance sheet lender, features a floating rate of 2.75% over the 30-day LIBOR rate and full-term interest-only payments. This transaction was negotiated by Meridian managing director, Jim Bologno and senior vice presidents, Paul Gilbert and Scott

Arlington, NJ — Meridian Capital Group arranged $18 million in balance sheet financing for the purchase of the Carriage Club Apartments multifamily property, located in Mount Arlington. The seven-year loan, provided by a regional balance sheet lender, features a fixed rate of 3.50%. This transaction was negotiated by Meridian senior vice president, Elliot Treitel and senior underwriter, Steven Helmreich, who are both based in the company’s Iselin office. Carriage Club Apartme

Plaza, located at 100 Hamilton Plaza in Paterson, NJ, is a high-rise class A office tower. The property features a full-service fitness center club, a reception desk with security guard and a gourmet cafeteria, and offers panoramic views of the city from the 12th floor. The commercial office tower houses a variety of tenants, including state and legal agencies, and medical and financial professionals. The challenge that Meridian was facing during this transaction was that the

Guttenberg, NJ — Meridian Capital Group, America’s most active deal maker, arranged $7.7 million in ground-up construction financing for the development of a luxury apartment building located in Guttenberg. The 18-month construction loan, provided by a balance sheet lender, features full-term interest-only payments and two six-month options to extend the loan. This financing was negotiated by Meridian vice presidents, Paul Gilbert and Emil DePasquale, who are both based in th