Breaking News

TRANSACTIONS: Meridian Capital puts together a pair of $19M loans

Meridian Capital announced the following transactions:

• A new mortgage in the amount of $19,100,000 on a 151-unit multifamily property located on Somerset Street in New Brunswick, NJ. The loan features an initial rate of 3.53% and a five-year term. David Fisher and Scott Jackson negotiated this transaction.

• A new mortgage of $19,000,000 on a 83-unit multifamily property located on Ocean Parkway in Brooklyn, NY. The loan features an initial rate of 3.375% and a five-year term. This transaction was negotiated by Joseph Taub and Eric Chapek.

• A new mortgage in the amount of $3,500,000 on a 25-unit multifamily property located on Hancock Street in Brooklyn, NY. The loan features an initial rate of 3.375% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.

• A new mortgage of $1,900,000 on a seven-unit multifamily property located on West 130th Street in the New York, NY. The loan features a rate of 3.54% and a seven-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.

• A new mortgage in the amount of $1,000,000 on a 17-unit multifamily property located on Holland Avenue in the Bronx, NY. The loan features an initial rate of 3.50% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.

•••

Progress Capital’s David Cappello negotiated a $6,500,000 interest-only construction loan with an 18-month term funded by Procida’s 100 Mile Fund. The loan represents 67% of total cost of a project to develop a 40,000 s/f retail and office center with adjoining 4,140 s/f pad site on 10-acres of land in Toms River, NJ. The property is pre-leased to Ocean Cuts LLC, Buy-Rite Liquors and a Keller Williams brokerage office.

•••

GCP Capital Group arranged mortgage financing in the aggregate amount of $40,550,000 for the following properties:

• $13,500,000 for a six-story multifamily apartment building containing 42 units and 8,100 square feet of commercial space, located on Broadway in Manhattan, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $8,500,000 combined financing for two multifamily apartment buildings containing a total of 67 units with 2 ground floor commercial units, located in the Belmont and Norwood sections of the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for these transactions.

• $7,000,000 for a six-story multifamily apartment building containing 40 units and 4,280 square feet of commercial space, located on West 190th Street in Manhattan, New York. David Sessa, Managing Director, and Louis Perlmutter, Senior Broker of GCP Capital Group, arranged the financing for this transaction.

• $6,450,000 for a six-story multifamily apartment building containing 72 units, located on Ocean Avenue in Brooklyn, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $5,100,000 for a three-story multifamily apartment building containing 44 units, located in Hempstead, Nassau County, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for this transaction.

•••

Eastern Union Funding announced the following transactions:

• A $7,500,000 first lien mortgage for a 102-unit multifamily on Axe Factory Rd in Philadelphia, PA. This transaction was arranged by David Metzger and Nate Hyman.

• A $7,490,000 first lien mortgage for the refinance of a 66-unit multifamily on Ivy Hill Rd in Philadelphia, PA. This transaction was arranged by Nate Hyman and David Metzger.

• A $7,200,000 first lien mortgage for the refinance of a 99-unit multifamily on Spence St in Baltimore, MD. This transaction was arranged by Marc Tropp.

• A $6,500,000 first lien mortgage for the refinance of a shopping center on N Washington Ave in Bergenfield, NJ. This transaction was arranged by Jeffrey Seidenfeld.

• A $6,425,000 first lien mortgage for the refinance of a 38-unit multifamily on Valentine Ave in Bronx, NY. This transaction was arranged by Efraim Perlowitz.

• A $3,000,000 first lien mortgage for the refinance of a 23-unit multifamily on Glen St in Brooklyn, NY. This transaction was arranged by Michael Muller.

• A $2,280,000 first lien mortgage for the refinance of a 7-unit multifamily on Madison St in Brooklyn, NY. This transaction was arranged by Alex Freund.

• A $2,000,000 first lien mortgage for the acquisition of a retail property on Madison Ave in Lakewood, NJ. This transaction was arranged by Moti Amsel.

• A $1,918,000 first lien mortgage for the acquisition of a 6-unit mixed-use on 18th Ave in Brooklyn, NY. This transaction was arranged by Michael Muller and Ira Zlotowitz.

• A $1,700,000 first lien mortgage for the refinance of a 4-unit multifamily on Jefferson Ave in Ridgewood, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.

• A $1,654,000 first lien mortgage for the refinance of a multifamily on Route 25A in Syosset, NY. This transaction was arranged by Adelle Ross and Chaim Greenfeld.

• A $1,500,000 first lien mortgage for the acquisition of a 6-unit multifamily on 40th St in Brooklyn, NY. This transaction was arranged by Alex Freund.

• A $1,500,000 first lien mortgage for the refinance of a 39-unit mixed-use on E 78th St in New York, NY. This transaction was arranged by David Metzger and Nate Hyman.

• A $925,000 first lien mortgage for the refinance of a 4-unit retail property on New Jersey Ave in Brooklyn, NY. This transaction was arranged by Tiffany Weiss and Abe Kolman.

Comments are closed

Copyrıght 2013 FUEL THEMES. All RIGHTS RESERVED.