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Meridian Capital announced the following transactions:
• A new mortgage in the amount of $1,700,000 on a 20-unit multifamily property located on Prospect Place in Brooklyn, NY. The loan features a rate of 3.25% and a five-year term. Joseph Taub and Eric Chapek negotiated this transaction.
• A new mortgage of $20,000,000 was placed on a 49-unit multifamily property located on West 108th Street in New York, NY.The loan features a rate of 3.375% and a five-year term. This transaction was negotiated by David Ganz and Scott Assouline.
• A new mortgage in the amount of $4,000,000 on a 32-unit multifamily property located on Adrian Avenue in New York, NY. The loan features a rate of 3.375% and a five-year term. Avi Weinstock and Michael Farkovits negotiated this transaction.
• A new mortgage of $2,500,000 was placed by Meridian on a 10-unit multifamily property located on Elliot Avenue in Yonkers, NY. The loan features a rate of 3.375% and a three-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
• A new mortgage in the amount of $8,250,000 on a 28-unit multifamily property located on Mott Street in New York, NY. The loan features a rate of 3.5% and a seven-year term. Shamir Seidman and Judah Hammer negotiated this transaction.
• A new mortgage of $7,000,000 was placed on a 204-unit cooperative property located on East 79th Street in New York, NY. The loan features a rate of 3.625% and a 10-year term. This transaction was negotiated by Avi Geller and Steve Geller.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $55,700,000 for the following properties:
• $25,100,000 combined financing for two multifamily apartment buildings containing a total of 160 units and 2 ground floor commercial units, located in the Fieldston and North Riverdale neighborhoods of the Bronx. Stephen Katz, Managing Director of GCP Capital Group, arranged the financing for these transactions.
• $11,000,000 for an eight-story multifamily apartment building containing 115 apartments, located in the Highbridge section of the Bronx. Alan Perlmutter, Managing Member, arranged the financing.
• $7,250,000 for a six-story multifamily apartment building containing 59 units, located in the Concourse section of the Bronx. Adam Brostovski, principal of GCP Capital Group, arranged the financing.
• $7,050,000 for a two-story multifamily apartment building containing 51 units, located in Levittown, Nassau County. Matthew Albano, Managing Director, arranged the financing for this transaction.
• $5,300,000 for a 30,000 square foot, four-story mixed-use building containing 24 apartments and 6 commercial units, located in Mount Vernon. David Sessa, Managing Director of GCP Capital Group, arranged the financing.
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Eastern Union Funding announced the following transactions:
• A $59,000,000 first lien mortgage for the acquisition of a 418-unit multifamily on E Dartmouth Ave in Denver, CO. This transaction was arranged by Jeffrey Seidenfeld.
• A $20,000,000 first lien mortgage for the acquisition of a 217-unit multifamily on Birch St in Kingston, NY. This transaction was arranged by Jeffrey Seidenfeld.
• A $19,019,461 first lien mortgage for the refinance of a 6 property multifamily portfolio in Brooklyn, NY. This transaction was arranged by Ira Zlotowitz and Michael Muller.
• A $6,800,000 first lien mortgage for the refinance of a 51-unit multifamily on Union St in Brooklyn, NY. This transaction was arranged by Abraham Bergman and Michael Muller.
• A $4,590,000 first lien mortgage for the refinance of a 27-unit multifamily on Park Heights Ave in Dover, NJ. This transaction was arranged by Nate Hyman and David Metzger.
• A $3,125,000 first lien mortgage for the refinance of a 5-unit mixed-use on Flatbush Ave in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
• A $2,900,000 first lien mortgage for the refinance of an 8-unit multifamily on Rogers Ave in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer, Motti Blau and Moti Amsel.
• A $2,300,000 first lien mortgage for the refinance of an 18-unit multifamily on Prospect Ave in Westbury, NY. This transaction was arranged by Yoel Kahan and Jeffrey Seidenfeld.
• A $2,198,000 first lien mortgage for the refinance of a 9-unit multifamily on Berkeley Pl in Brooklyn, NY. This transaction was arranged by Isaac Sternhill.
• A $1,900,000 first lien mortgage for the refinance of an 8-unit multifamily on Montgomery St in Brooklyn, NY. This transaction was arranged by Motti Blau and Moti Amsel.
• A $1,520,000 first lien mortgage for the refinance of a 12-unit multifamily on N 10th St,N 8th St in Philadelphia, PA. This transaction was arranged by David Metzger and Nate Hyman.
• A $1,365,000 first lien mortgage for the acquisition of a 2-unit retail property on Quentin Rd in Brooklyn, NY. This transaction was arranged by Jack Beida.
• A $1,000,000 first lien mortgage for the refinance of a mixed-use on Central Ave in East Orange, NJ. This transaction was arranged by Michael Muller.
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Cronheim Mortgage arranged $6 million in financing for a 106,290 s/f retail property in Toms River, NJ. The 17.5-year self-liquidating loan was placed with The State Life Insurance Company. The interest rate was locked 6 months prior to closing at 3.93%. The loan was originated and placed by Dev Morris, Allison Villamagna and Andrew Stewart. The subject property was constructed in 1994 upon an 11.275 acre site just off of the Garden State Parkway. The property is fully leased to Home Depot which shadow-anchors a larger 130,000 square foot retail development.

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