Meridian Capital Group has negotiated $120 million in financing for the purchase of 30 Park Avenue.
The five-year loan, provided by Ladder Capital, features a fixed-rate of 2.87 percent and interest-only payments for the full term.
This transaction was negotiated by Meridian senior managing director Abe Hirsch, and vice president Akiva Friend.
Public records dated March 18 show the 20-story building was purchased by Thor Equities for $179 million.
However, the Commercial Observer reported that Cammeby’s International has taken a majority stake in the property. Eli Shron, a vice president at Cammeby’s, signed the mortgage agreement for borrower, Thor 30 Park Avenue LLC, with Ladder Capital.
Constructed in 1955, 30 Park Avenue is a 20-story, 237-unit multifamily building with 3,500 s/f of professional space and a 142-space parking garage.
The property is located on the northwest corner of Park Avenue and East 36th Street in Murray Hil, near Grand Central Terminal.
The seller was a partnership between BlackRock and California pension fund CalPERS.