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TRANSACTIONS: Meridian closes $9.6M mortgage on Third Ave.

Meridian Capital announced the following transactions:

• A new mortgage of $9,600,000 on a 165-unit cooperative property located on Third Avenue in New York, NY. The loans feature rates of 3.75% and a 10-year term. Avi Geller and Nicoletta Pagnotta negotiated this transaction.

• A new mortgage of $6,000,000 was placed on a multifamily property totaling 18 units located on St Mark’s Place in New York, NY. The loan features a rate of 3.35% and a five-year term. Zev Feder negotiated this transaction.

• A new mortgage in the amount of $5,000,000 on a 46-unit multifamily property located on East 32nd Street in Brooklyn, NY. The loan features a rate of 3.50% and a five-year term. Chaim Tessler, Michael Farkowitz and Asher Urbach negotiated this transaction.

• A new mortgage of $4,700,000 was placed on a multifamily property totaling 18 units located on Third Avenue in New York, NY. The loan features a rate of 3.55% and a seven-year term. This transaction was negotiated by Zev Feder.

• A new mortgage in the amount of $4,500,000 on a 28-unit mixed-use property located on St Nicholas Avenue in New York, NY. The loan features a rate of 4.04% and a five-year term. Jacob Schmuckler and Meir Schlusselberg negotiated this transaction.

• A new mortgage of $4,050,000 was placed on a multifamily property totaling 46 units located on Phelan Place in the Bronx, NY. The loan features a rate of 3.87% and a five-year term. This transaction was negotiated by David Hayum and Luke Hingson.

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GCP Capital Group arranged mortgage financing in the aggregate amount of $20,725,000 for the following properties:

$6,300,000 for two five-story multifamily apartment buildings containing a total of 62 apartments, located in the Inwood section of Upper Manhattan, New York. Jack Fried, Senior Associate of GCP Capital Group, arranged the financing.

$6,000,000 for the development of a two-story commercial building of approximately 19,200 square feet, located in Jamaica, Queens, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.

$4,000,000 for the acquisition of 53 individual condominium units located in different buildings throughout the Parkchester neighborhood of the Bronx, New York. George Spanos, Senior Associate of GCP Capital Group, arranged the financing for this transaction.

$2,500,000 for two six-story multifamily buildings and one six-story mixed-use building containing a total of 63 apartments and approximately 10,300 square feet of commercial space, located on St. Nicholas Avenue in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.

• A second mortgage in the amount of $1,925,000 for three four-story mixed-use apartment buildings containing a total of 20 apartments and 8 commercial units, located in Upper Manhattan, New York. Michael Charnowitz, Senior Associate of GCP Capital Group, arranged the financing for this transaction.

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Eastern Union Funding announced the following transactions:

• A $13,840,000 first lien mortgage for the acquisition of a 168-unit multifamily on Shipley Rd in Wilmington, DE. This transaction was arranged by Jeffrey Seidenfeld.

• A $11,900,000 first lien mortgage for the refinance of an industrial property on Review Ave in Long Island City, NY. This transaction was arranged by Meir Kessner and David Eisen.

• A $8,789,000 first lien mortgage for the refinance of a 92-unit multifamily on Emlen St in Philadelphia, PA. This transaction was arranged by David Metzger and Nate Hyman.

• An $8,550,000 first lien mortgage for the acquisition of a flex space on E Algonquin Rd in Arlington Heights, IL. This transaction was arranged by Abraham Bergman.

• A $5,000,000 first lien mortgage for the refinance of a 36-unit retail center on N Wilson Rd in Columbus, OH. This transaction was arranged by Marc Tropp.

• A $4,450,000 first lien mortgage for the refinance of a retail center on Ritchie Hwy in Glen Burnie, MD. This transaction was arranged by Eli Schwartz.

• A $2,850,000 first lien mortgage for the refinance of a 6-unit multifamily on Himrod St in Ridgewood, NY. This transaction was arranged by David Metzger and Nate Hyman.

• A $2,750,000 first lien mortgage for the refinance of a 3-unit mixed-use on Clarkson Ave in Brooklyn, NY. This transaction was arranged by Meir Kessner.

• A $2,225,000 first lien mortgage for the refinance of a 6-unit multifamily on Woodbine St in Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.

• A $2,000,000 first lien mortgage for the refinance of an industrial property on Castleton Ave in Staten Island, NY. This transaction was arranged by Nachum Soroka and Phil Krispin.

• A $1,400,000 first lien mortgage for the acquisition of a 28-unit mixed-use on Springfield Ave in Irvington, NJ. This transaction was arranged by Chesky Gross.

• A $1,400,000 first lien mortgage for the refinance of a 9-unit mixed-use on Tilden Ave in Brooklyn, NY. This transaction was arranged by Michael Muller.

• A $1,325,000 first lien mortgage for the refinance of a 4-unit multifamily on Halsey St in Brooklyn, NY. This transaction was arranged by Isaac Weiss.

• A $1,200,000 first lien mortgage for the refinance of an office building on Three Notch Rd in California, MD. This transaction was arranged by Ben Alpert and Marc Tropp.

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