3rd on “Power 100” people poll of Commercial Observer, Mr Ralph Herzka is the owner, founder and current CEO of Meridian Capital. Meridian was established back in 1991 and Mr. herzka has been its CEO ever since and has grown the company from zero to one of the top groups in the arena.
With over 30 years of experience in Real Estate, Ralph Herzka has made transactions worth $65 billion in total. With a strong leadership and negotiation skills, Ralph Herzka is known for his leadership qualities and advisory skills. Although Mr. Herzka rarely appear in media and never seek attention he cannot remain hidden from media completely because of the high profile deals he make. Recently he was named as one of the “50 Most Important People in Commercial Real Estate Finance”.
Mr Herzka also has several other businesses along with Meridian Capital and has been financial advisor as well.
During the 20+ years of Meridian, it has steadily grew to become United States’ third-largest mortgage broker. Meridian Capital has transaction around 26000 loans during this period which is worth $130 Billion.
Meridian Capital also has a very long list of property transactions each of which is worth millions of dollars.
Here is a list of prominent deals that meridian has made so far:
Falcon 6 hospitality portfolio
A falcon 6 hospitality portfolio was bought for $85,000,000 and it has 1527 rooms, it was one of the largest deals Meridian has made over years.
In the year 2011, Hotel Chelsea was acquired by Ralph Herzka’s Meridian Capital for $85,000,000. The hotel is spread over the area of 1,75,900 sq ft.
Doubel tree hotel was purchased by Meridian for $65,000,000 and has 236 Rooms.
Four Point by Sheraton Hotel
The Four point Sheraton Hotel was purchased by Meridian for $45,000,000 and has 150 rooms.
Lorraine Self Storage
Lorraine Self Storage location was purchased by Meridian for $14,000,000, it has a covered area of 2,25,000 sq ft.
West 14th Street
Meridian acquired property on West 14th street for $55,000,000 it covers an area of 61,000 sq ft. in total.
Ralph Herzka’s Meridian Capital bought property at Bowery portfolio for $30,000,000, it included 11 buildings in total.
North 4th street
Meridian Capital also acquired property at North 4th street for $28,400,000 which has a covered area of 110,000 sq ft.
The property acquired by Ralph Herzka’s Meridian Capital at 47th street valued at $15,000,000 and had 105 residential units.
Canal Street peroperty was purchased by Meridian Capital for $55,000,000 and has a covered area of 31,900 sq ft.
Herzka’s Meridian Capital bought Property at New York’s Mulbery street for 11,200,000, which consists of 53 Units.
The property at 2nd Avenue New York was purchased for $11,200,000 by Meridian Capital and it consists of 50 Units.
The property at Eight Avenue at New York was purchased for $7,750,000. It has a total of 23 Units and covers an area of 4,200 Sq. Ft.
Park Avenue South
Meridian Capital under the command of Ralph Herzka finalized a deal for the Park Avenue South property at New York for $7,700,000. The proper is spread over an area of 40,000 Sq. Ft.
The 3,200 Sq. Ft. property at Mulberry Street, New York which consists of 32 Units was acquired for $7,000,000.
East 14th Street
Meridian Capital bought the property at East 14th Street for $7,000,000. The property has17 Units and covers an area of 4,200 Sq. Ft.
The property at Prince Street was sold for $6,950,000 for Meridian Capital which consisted for 16 Units.
Ninth Avenue property acquired by meridian was valued at $6,900,000. It had 8 Units spread over an area of 11,700 Sq. Ft.
Meridian Capital also brought property at Avenue A for $6,810,000, which had 40 Units.
Ralph Herzka initiated a deal for a property at Flatbush Avenue, Brooklyn NY, for $6,500,000. The property is spread over an area of 28,700 Sq. Ft..
Ralph Herzka’s Meridian Capital, TowerBrook Capital partners and GI-Partners launched a firm namely Ladder capital finance in November, 2008. This helped them to provide $1 billion in equity and debt for commercial market during the market crash.
Beech Street Capital, LLC
Mr Ralph Herzka cofounded the Beech Street Capital, LLC in 2009. This new company of Mr Herzka successfully made around $1 billion in loans in its first year of operation. Beech Street Capital is Fannie Mae-approved and Freddie Mac Program Plus lender. The company is successfully growing its business in New York and around.
Ralph Herzka remained a principal of a mortgage broker firm known as Gelt Funding (or GFI Capital).