TRANSACTIONS: Brick Capital funds two loans topping $15M

Meridian Capital announced the following transactions:
• A new mortgage in the amount of $6,500,000 on a six-story, 15-unit multifamily property located on Hudson Street in New York, NY. The loan features a rate of 3.625% and a seven-year term. David Hayum and Luke Hingson negotiated this transaction.
• A new mortgage of $3,300,000 was placed on a five-story, 18-unit multifamily property located on Amsterdam Avenue in New York, NY. The loan features a rate of 3.625% and a five-year term. This transaction was negotiated by Zev Feder and Adam Ehrenreich.
• A new mortgage in the amount of $3,200,000 on a five-story, 10-unit multifamily property located on Monroe Place in Brooklyn, NY. The loan features an initial rate of 3.75% and a five-year term. Shamir Seidman and Daniel Neiss negotiated this transaction.
• A new mortgage of $2,850,000 was placed on a five-story, 10-unit multifamily property located on State Street in Brooklyn, NY. The loan features a rate of 3.75% and a five-year term. This transaction was negotiated by Alan Friedman and Eric Chapek.
• A new mortgage in the amount of $2,400,000 on a nine-unit multifamily property located on Henry Street in Brooklyn, NY. The loan features an initial rate of 3.75% and a five-year term. Shamir Seidman and Daniel Neiss negotiated this transaction.
• A new mortgage of $1,750,000 was placed on a four-unit multifamily property located on 86th Street in Brooklyn, NY. The loan features a rate of 3.58% and a five-year term. This transaction was negotiated by Ami Levin and Jason Weber.
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Brick Capital Partners LLC announced the following loans:
• Through an affiliate entity, Brick Capital funded a first mortgage in the amount of $10,000,000 to a private real estate investor. Located in Manhattan’s Lower East Side, the collateral is comprised of a nine story boutique hotel that is net leased to a seasoned hotel operator. The interest only loan is for a 2-year term and was closed within two weeks of application.
• Brick Capital Partners LLC, through an affiliate entity, funded a first mortgage in the amount of $5,000,000 to a private real estate investor. Located in Times Square, the collateral is comprised of a four-story commercial building. The interest-only loan is for a 3-year term and was closed within two weeks of application.
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Eastern Union Funding announced the following transactions:
• $10,780,000 in first lien mortgages for the refinance of three multifamily properties on Lenox Avenue in East Orange, NJ. The transactions were arranged by Jeffrey Seidenfeld.
• An $8,000,000 first lien mortgage for the refinance of an 82,220 s/f industrial property on Richmond Terrace in Staten Island, NY. This transaction was arranged by Abraham Bergman and Yossi Orzel.
• A $5,250,000 first lien mortgage for the refinance of a 25,700-square-foot, multi-tenanted medical office building on Old Hook Rd. in Emerson, NJ. This transaction was arranged by Josh Horowitz and David Eisen.
• A $5,100,000 first lien mortgage for the refinance of a 7-unit, mixed-use on Grand St. in Brooklyn, NY. This transaction was arranged by David Eisen.
• A $3,795,000 first lien mortgage for the refinance of a 17-unit multifamily on Longwood Ave. in Bronx, NY. This transaction was arranged by David Metzger and Nate Hyman.
• A $3,140,000 first lien mortgage for the refinance of an 8-unit multifamily on Van Buren St. in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $2,758,000 first lien mortgage for the acquisition of a 4-unit multifamily on Nelson St. in Brooklyn, NY. This transaction was arranged by Yoel Kahan.
• A $2,750,000 first lien mortgage for the refinance of a 70,200-square-foot industrial property on Isabella St. in Clifton, NJ. This transaction was arranged by Isaac Sternhill.
• A $2,500,000 first lien mortgage for the refinance of an 8-unit multifamily on Gates Ave. in Brooklyn, NY. This transaction was arranged by Jeffrey Seidenfeld.
• A $2,250,000 first lien mortgage for the refinance of an 11-unit multifamily on 89th Ave. in Jamaica, NY. This transaction was arranged by Isaac Weiss and Motti Blau.
• A $2,230,000 first lien mortgage for the acquisition of a 47-unit multifamily on Frederick Ave. in Baltimore, MD. This transaction was arranged by David Merkin and Marc Tropp.
• A $2,200,000 first lien mortgage for the refinance of a 7-unit multifamily on Halsey St. in Brooklyn, NY. This transaction was arranged by Alex Freund.
• A $2,100,000 first lien mortgage for the refinance of an 8-unit multifamily on Corona Ave. in Corona, NY. This transaction was arranged by Jeffrey Seidenfeld.
• A $2,000,000 first lien mortgage for the refinance of a 9-unit multifamily on Roland Ave. in Baltimore, MD. This transaction was arranged by Marc Tropp.
• A $1,725,000 first lien mortgage for the acquisition of a 36-unit multifamily on Surrey Ave. in Winslow, NJ. This transaction was arranged by Judah Aderet, Nate Hyman and David Metzger.
• A $1,000,000 first lien mortgage for the refinance of a 6-unit multifamily on Schaefer St. in Brooklyn, NY. This transaction was arranged by Herman Werzberger.
• A $975,000 first lien mortgage for the acquisition of a 15,530-square-foot industrial property on Pine St. in Bridgeport, CT. This transaction was arranged by Shimon Munk and Isaac Sternhill.
• A $975,000 first lien mortgage for the refinance of a 4-unit, mixed-use on 5th Ave. in Brooklyn, NY. This transaction was arranged by Alex Freund and James Hurtig.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $31,180,000 for the following properties:
• $8,600,000 for a six-story mixed-use building containing 23 apartments and 1 ground floor commercial unit, located on Rivington Street in Manhattan. Matthew Albano arranged the financing.
• $6,500,000 for a six-story multifamily apartment building containing 36 units, located on Putnam Avenue in Brooklyn. Paul Greenbaum arranged the financing for this transaction.
• $5,700,000 for a newly built, two-story commercial building comprised of 5,000 square feet, located on Spring Street in Manhattan. Matthew Classi arranged the financing for this transaction.
• $5,500,000 for a two-story, fully occupied commercial retail building comprised of 7,650 square feet, located on Allen Street in Manhattan. Adam Brostovski arranged the financing.
• $4,880,000 for three three-story multifamily buildings containing a total of 13 apartments and 1,500 square feet of commercial space, located in the Greenpoint neighborhood of Brooklyn. Matthew Albano arranged the financing for this transaction.

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