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Transactions: Meridian’s $27M for Bronx multifamily, GCP’s $26.1M in loans

Meridian announced the following transactions:

Meridian negotiated a new mortgage in the amount of $27,000,000 on a six-story, 84-unit multifamily property located on Andrews Avenue South in the Bronx, NY. The loan features an initial rate of 3.375 percent and a three-year term. Morris Diamant and Mark Brachfeld negotiated this transaction.

  • A new mortgage of $1,900,000 was placed by Meridian on a four-story, 10-unit multifamily property located on Troutman Street in Brooklyn, NY. The loan features an initial rate of 3.16 percent and a five-year term. This transaction was negotiated by Morris Diamant and Jacob Rochlitz.
  • Meridian negotiated a new mortgage in the amount of $1,500,000 on a six-unit multifamily property located on Willoughby Avenue in Brooklyn, NY. The loan features an initial rate of 3.2 percent and a five-year term. Morris Diamant and Jacob Rochlitz negotiated this transaction.
  • A new mortgage of $1,200,000 was placed by Meridian on an eight-unit multifamily property located on Skillman Street in Brooklyn, NY. The loan features an initial rate of 3.2 percent and a five-year term. This transaction was negotiated by Morris Diamant and Jacob Rochlitz.
  • Meridian negotiated a new mortgage in the amount of $1,000,000 on a six-unit multifamily property located on Menahan Street in Brooklyn, NY. The loan features an initial rate of 3.35 percent and a five-year term. Morris Diamant and Jacob Rochlitz negotiated this transaction.
  • Meridian negotiated a new mortgage in the amount of $800,000 on a six-unit multifamily property located on Troutman Street in Brooklyn, NY. The loan features an initial rate of 3.12 percent and a five-year term. Morris Diamant and Jacob Rochlitz negotiated this transaction.

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GCP Capital Group, LLC has arranged mortgage financing in the aggregate amount of $26,110,000 for the following properties:

  • $8,500,000 aggregate construction financing for three individual development sites consisting of 8 multifamily buildings containing a total of 16 apartments and 15,700 square feet of commercial space, located in the Williamsburg neighborhood of Brooklyn, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for these transactions.
  • $5,600,000 for a portfolio of thirteen multifamily apartment buildings containing a total of 63 units and 9 commercial units, located in Bayonne, New Jersey. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
  • $5,000,000 for a four-story multifamily apartment building containing 47 units, located on Haviland Avenue in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
  • $4,870,000 for a five-story multifamily apartment building containing 21 units, located on West 164th Street in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
  • $2,140,000 combined financing for two three-story mixed-use buildings containing a total of 4 apartments and 2,000 square feet of commercial space, located on Cortelyou Road in Brooklyn, New York. George Spanos, Senior Associate of GCP Capital Group, arranged the financing for these transactions.

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Eastern Union announced the following transactions:

  • A $6,000,000 first lien mortgage for the refinance of a 228-unit multifamily on Tara Blvd. in Jonesboro, GA. This transaction was arranged by Abe Kolman.
  • A $,5100,000 first lien mortgage for the refinance of a 64-unit multifamily on East Mt. Airy Ave. in Philadelphia, PA. This transaction was arranged by Nate Hyman and David Metzger.
  • A $4,775,000 first lien mortgage for the refinance of a 46-unit, mixed-use on Lafayette Ave. in Bronx, NY. This transaction was arranged by David Metzger and Nate Hyman.
  • A $4,500,000 first lien mortgage for the refinance of a 53-unit mixed-use on N. Calvert St. in Baltimore, MD. This transaction was arranged by Marc Tropp.
  • A $4,000,000 first lien mortgage for the refinance of a 75-unit multifamily on Crittenden St. in Philadelphia, PA. This transaction was arranged by Nate Hyman and David Metzger.
  • A $3,150,000 first lien mortgage for the acquisition of a 25-unit, mixed-use on E. 162nd St. in Bronx, NY. This transaction was arranged by Michael Muller.
  • A $2,627,000 first lien mortgage for the acquisition of a 46-unit multifamily on Roseville Ave. in Newark, NJ. This transaction was arranged by David Singer.
  • A $2,560,000 first lien mortgage for the acquisition of a 34-unit multifamily on Vreeland Ave. in Paterson, NJ. This transaction was arranged by Simcha Margolis.
  • A $2,500,000 first lien mortgage for the refinance of a 22,812-square-foot, 6-unit mixed-use on Atlantic Ave. in Lynbrook, NY. This transaction was arranged by Jay Tyberg and Jonathan Singer.
  • A $1,900,000 first lien mortgage for the refinance of an industrial property on Selvage St. in Irvington, NJ. This transaction was arranged by Yossi Rubin and Abraham Bergman.
  • A $1,775,000 first lien mortgage for the refinance of a 5-unit multifamily on W. 174th St. in Bronx, NY. This transaction was arranged by Meir Kessner and Ira Zlotowitz.
  • A $1,700,000 first lien mortgage for the refinance of a 29-unit multifamily on East Upsal St. in Philadelphia, PA. This transaction was arranged by David Metzger and Nate Hyman.
  • A $1,500,000 first lien mortgage for the refinance of a 3-unit multifamily on Linden St. in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
  • A $1,500,000 first lien mortgage for the refinance of an 8-unit multifamily on 15th St. in Brooklyn, NY. This transaction was arranged by Michael Muller.
  • A $1,500,000 first lien mortgage for the acquisition of a 19,975-square-foot, 4-unit office building on Edgeview Dr. in Hackettstown, NJ. This transaction was arranged by Isaac Sternhill.
  • A $1,305,000 first lien mortgage for the acquisition of a 26-unit multifamily on N. Oraton Pkwy in East Orange, NJ. This transaction was arranged by Michael Muller.
  • A $1,260,000 first lien mortgage for the acquisition of a 21-unit multifamily on Lexington Ave. in Jersey City, NJ. This transaction was arranged by Michael Muller.
  • A $1,000,000 first lien mortgage for the refinance of a 4-unit multifamily on MacDonough St. in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.
  • A $990,000 first lien mortgage for the refinance of a 6-unit multifamily on Smith St. in Brooklyn, NY. This transaction was arranged by Michael Muller.

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