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Transactions: Meridian negotiates $6M mortgage on UWS, Eastern Union lands $33M lien

Meridian negotiated a new mortgage in the amount of $6,000,000 on a 32-unit multifamily property located on West 158th Street in New York, NY. The loan features an initial rate of 3.27% and a five-year term. Michael Farkovits negotiated this transaction.

A new mortgage of $4,875,000 was placed by Meridian on a 24-unit multifamily property located on West 159th Street in New York, NY. The loan features an initial rate of 3.31% and a five-year term. This transaction was negotiated by Michael Farkovits.

Meridian negotiated a new mortgage in the amount of $4,500,000 on a 30-unit multifamily property located on West 158th Street in New York, NY. The loan features an initial rate of 3.27% and a five-year term. Michael Farkovits negotiated this transaction.

A new mortgage of $4,000,000 was placed by Meridian on a 16-unit multifamily property located on Gates Avenue in Brooklyn, NY. The loan features an initial rate of 3.50% and a five-year term. This transaction was negotiated by Charles Grussgott and Michael Helmreich.

Meridian negotiated a new mortgage in the amount of $3,700,000 on a 21-unit multifamily property located on West 159th Street in New York, NY. The loan features an initial rate of 3.19% and a five-year term. Michael Farkovits negotiated this transaction.

A new mortgage of $3,200,000 was placed by Meridian on 32-unit multifamily property located on West Queen Lane in Philadelphia, PA. The loan features an initial rate of 3.50% and a five-year term. This transaction was negotiated by Jacob Schmuckler and Sam Shifer.

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Eastern Union announced the following:

A $33,000,000 first lien mortgage for the acquisition of a 188-unit, 3 building multifamily portfolio. This transaction was arranged by Ira Zlotowitz and Meir Kessner.

A $12,700,000 first lien mortgage for the acquisition of a 44-unit multifamily on Tompkins Ave in Brooklyn, NY. This transaction was arranged by David Eisen.

An $8,400,000 first lien mortgage for the refinance of a 58-unit mixed-use on Bryant Ave in Bronx, NY. This transaction was arranged by Michael Muller.

A $6,075,000 first lien mortgage for the acquisition of a 12-unit mixed-use,multifamily on W Girard Ave,N 65th St,N 63rd St in Philadelphia, PA. This transaction was arranged by Nate Hyman and David Metzger.

A $5,200,000 first lien mortgage for the refinance of an 84-unit multifamily on Sullivan Ave in Westminster, MD. This transaction was arranged by David Merkin and Marc Tropp.

A $4,000,000 first lien mortgage for the refinance of a 9-unit mixed-use on Van Brunt St in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.

A $3,200,000 first lien mortgage for the refinance of a 6-unit multifamily on 11th St NW in Washington, DC. This transaction was arranged by Marc Tropp.

A $3,106,000 first lien mortgage for the acquisition of a 4-unit multifamily on Quincy St in Brooklyn, NY. This transaction was arranged by Chaim Greenfeld.

A $2,925,000 first lien mortgage for the acquisition of an 18-unit multifamily on Orchard St in Elizabeth, NJ. This transaction was arranged by Nate Hyman and David Metzger.

A $2,410,000 first lien mortgage for the refinance of an 8-unit multifamily on Pavonia Ave in Jersey City, NJ. This transaction was arranged by Michael Muller.

A $1,725,000 first lien mortgage for the acquisition of an industrial on Johnstone St in Perth Amboy, NJ. This transaction was arranged by Jay Tyberg.

A $1,608,750 first lien mortgage for the acquisition of a 22-unit multifamily on Virginia St in Elizabeth, NJ. This transaction was arranged by David Metzger and Nate Hyman.

A $1,443,750 first lien mortgage for the acquisition of a 3-unit multifamily on Warrenton Ave in Hartford, CT. This transaction was arranged by Michael Muller.

A $1,432,140 first lien mortgage for the refinance of a 6-unit multifamily on Myrtle Ave in Brooklyn, NY. This transaction was arranged by Meir Kessner and David Eisen.

A $1,300,000 first lien mortgage for the refinance of a 3-unit multifamily on Decatur St in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.

An $1,162,500 first lien mortgage for the acquisition of a single tenant property on Belair Rd in Nottingham, MD. This transaction was arranged by Marc Tropp.

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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $26,765,000 for the following:

$10,000,000 for a six-story multifamily apartment building containing 112 apartments, located on University Avenue in the Bronx, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.

$8,490,000 combined financing for a newly built, five story residential condominium building with 21 units and an existing four-story industrial building to be converted into a residential apartment building with 33 units, located in Long Island City, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for these transactions.

A first position mortgage in the amount of $4,600,000 for a portfolio of nine multifamily apartment buildings containing a total of 75 units and 1 commercial unit, located throughout Manhattan and the Bed-Stuy section of Brooklyn. Michael Charnowitz, Senior Associate of GCP Capital Group, arranged the financing for this portfolio.

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