TODAY’S DEALS: Meridian Capital Arranges Interest-Only, 5.85% Refi for NYC Rental, and Other Transactions

By Anuradha Kher, Online News EditorNew York–Meridian Capital Group recently arranged a first mortgage loan in the amount of $32 million for the refinance of 222 West 83rd St. on the Upper Westside of Manhattan. The 13-story luxury property features 111 rental units and four commercial units. Avi Weinstock of Meridian’s New York office negotiated a low fixed interest rate of 5.85 percent with five-years of interest-only payments with a local lender.Arbor Closes Three DUS Loans Totaling Over $6M Houston, Albuquerque, N.M. and Phoenix–Arbor Commercial Funding LLC recently funded three loans totaling $6,990,600 under the Fannie Mae DUS product line. These loans include:$2,918,400 funded under the Fannie Mae DUS Small Loans product line for Spring Village, a 132-unit complex located in Houston. The seven-year loan amortizes on a 30-year schedule and carries a note rate of 6.33 percent.$2,910,200 funded under the Fannie Mae DUS Small Loans product line for Highland Park Apartments an 80-unit complex located in Albuquerque, N.M. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.40 percent.$1,162,000 funded under the Fannie Mae DUS Small Loans product line for Melborne, a 26-unit complex located in Phoenix. The seven-year loan amortizes on a 30-year schedule and carries a note rate of 6.24 percent.