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TRANSACTIONS: The week of August 17, 2016

Meridian Capital announced the following transactions:

• A new mortgage of $3,375,000 on a 162-unit multifamily property located on Clarks Pond Road in Bridgeton, NJ. The loan features a rate of 2.875% and a three-year term. This transaction was negotiated by Jim Bologno.

• New mortgages totaling $28,300,000 on two multifamily properties comprised of 233 units located on Crown and Montgomery Streets in Brooklyn, NY. The loans feature rates of 3.125% and five-year terms. Morris Diamant and Abraham Klein negotiated these transactions.

• A new mortgage of $10,950,000 was placed on a six-story, 59-unit multifamily property located on East 95th Street in New York, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Isaac Filler and Michael Helmreich.

• A new mortgage in the amount of $9,350,000 on a six-story, 72-unit multifamily property located on Brighton Seventh Street in Brooklyn, NY. The loan features a rate of 3.125% and a five-year term. Sam Shifer negotiated this transaction.

• A new mortgage of $6,200,000 was placed on a six-story, 25-unit multifamily property located on East 81st Street in New York, NY. The loan features a rate of 3.25% and a six-year term. This transaction was negotiated by Charles Grussgott and Joseph Koschitzki.

• A new mortgage in the amount of $1,190,000 on a four-story, 12-unit multifamily property located on Grote Street in Bronx, NY. The loan features a rate of 3.23% and a five-year term. David Hayum and Ariel Jeidel negotiated this transaction.

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Emerald Creek Capital LLC provided three loans totaling $28,150,000 for the following transactions:

• A $24,250,000 condominium inventory loan in Aventura, FL. Built on a five acre lot, the subject property is improved with an 11 story residential development comprised of 190 units. The loan is secured by 20 units totaling 55,098 s/f. The loan was originated by Jeff Seidler.

• A $2,600,000 bridge loan in Manhasset, NY. The subject property is a 7,000 s/f, mixed-use building in Nassau County, Long Island. The borrower is redeveloping a portion of the site, which when completed will result in an additional 5,749 square foot retail building adjacent to the current structure. This loan was originated by Mike Cleaver.

• A $1,500,000 acquisition loan in the Bushwick neighborhood of Brooklyn, NY. The loan is secured by a 3,100 s/f three-family townhouse. A 3,840 s/f mixed-use building also located in Bushwick, Brooklyn, has been pledged as additional collateral. This loan was originated by Matt Fantuzzi.

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Eastern Union Funding announced the following transactions:

• Peter Blass and Eli Gross, of the firm’s New York City office, arranged a $2 million bridge loan for 65 Main Street in Nyack, NY, on behalf of the borrower 65 Main St Associates LLC. The Rockland County property is home to Sixty 5 on Main, an approximately 15,000 s/f restaurant and live music venue.

• A $3,000,000 first lien mortgage for the refinance of a 7-unit mixed-use on Brighton 1st Ln. in Brooklyn, NY. This transaction was arranged by Herman Werzberger and Moshe Lipschitz.

• A $1,750,000 first lien mortgage for the refinance of a 7-unit mixed-use on Nostrand Ave. in Brooklyn, NY. This transaction was arranged by Toby Margulies and Alex Freund.

• A $1,750,000 first lien mortgage for the refinance of a 6-unit mixed-use on Nostrand Ave. in Brooklyn, NY. This transaction was arranged by Alex Freund.

• A $1,650,000 first lien mortgage for the acquisition of an 8-unit multifamily on N 6th St. in Brooklyn, NY. This transaction was arranged by Michael Muller.

• A $1,300,000 first lien mortgage for the refinance of a 22-unit multifamily on N Park Ave. in Philadelphia, PA. This transaction was arranged by David Metzger and Nate Hyman.

• A $1,260,000 first lien mortgage for the acquisition of a 6-unit multifamily on Scott A Gadell Pl. in Far Rockaway, NY. This transaction was arranged by Michael Muller.

• A $1,000,000 first lien mortgage for the acquisition of a 10-unit mixed-use on Westchester Ave. in Bronx, NY. This transaction was arranged by Moshe Lipschitz.

• A $800,000 first lien mortgage for the acquisition of a 8-unit multifamily on St Johns Pl. in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.

• A $625,000 first lien mortgage for the refinance of a 2-unit mixed-use on Mother Gaston Blvd in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.

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GCP Capital Group arranged mortgage financing in the aggregate amount of $45,250,000 for the following properties:

• $35,000,000 for 4 six-story mixed-use buildings containing a total of 104 apartments and 8 retail stores, located in the East Village section of Manhattan, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $3,250,000 for a single-story commercial building comprised of 5,800 rentable square feet, located on Metropolitan Avenue in Queens, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $3,000,000 for one and two-story mixed-use buildings containing one apartment, five retail storefronts and 1 office, located in Southampton, Suffolk County, New York. Stephen Katz, Senior Associate, arranged the financing for this transaction.

• $2,550,000 for a three-story apartment building containing 6 units, located on Starr Street in Brooklyn, New York. Matthew Albano, Senior Broker, arranged the financing for this transaction.

• $1,450,000 for three mixed-use buildings containing a total of 6 apartments and 7 stores, located on St. Raymonds Avenue in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.

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