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TRANSACTIONS: Eastern Union Funding refinances $50M apartment mortgage

Meridian Capital announced the following transactions:
• Anew mortgage in the amount of $15,000,000 on a 65-unit multifamily property located on East 29th Street in Brooklyn, NY. The loan features a rate of 4.25% and a five-year term. Michael Kesselman negotiated this transaction.
• A new mortgage of $9,830,000 on a cooperative property totaling 175 units located on Charlton Street in New York, NY.The loan features a rate of 4.01% and a 10-year term. Ami Levin negotiated this transaction.
• A new mortgage in the amount of $9,700,000 on a 79-unit multifamily property located on independence Street in the Bronx, NY. The loan features a rate of 3.875% and a five-year term. Moe Rosenblum negotiated this transaction.
• A new mortgage of $6,700,000 on a multifamily property totaling 65 units located on Pulaski Street in Brooklyn, NY. The loan features a rate of 3.625% and a five-year term. This transaction was negotiated by Mark Brachfeld and Joseph Akerman.
• Two new mortgages of $4,465,000 on a 35-unit multifamily property and a 16-unit mixed-use property located on West 170thStreet in New York, NY. The loans feature rates of 4.00% and five-year terms. Michael Kesselman and Kerry Brick negotiated these transactions.
• A new mortgage of $2,700,000 on a multifamily property totaling 15 units located on Myrtle Avenue in Brooklyn, NY. The loan features a rate of 3.875% and a five-year term. This transaction was negotiated by Shamir Seidman and Daniel Neiss.
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GCP Capital Group arranged financing of $42,800,000 for the following properties:
• $13,300,000 for a six-story mixed-use building containing 48 apartments and 5,500 square feet of commercial space, located in Washington Heights. Alan Perlmutter, arranged the financing.
• $12,500,000 for two five-story multifamily apartment buildings containing a total of 92 units, located on Morris Avenue in the Bronx. Adam Brostovski, arranged the financing.
• $9,000,000 for a six-story multifamily apartment building containing 69 units, located on Selwyn Avenue in the Bronx. Paul Greenbaum,  arranged the financing.
• $8,000,000 for two adjacent four-story multifamily apartment buildings containing a total of 32 units, located on Ocean Parkway in Brooklyn. Matthew Albano, arranged the financing.
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Eastern Union Funding announced the following transactions:
• A $50,155,000 first lien mortgage for the refinance of a 432-unit multifamily on Echelon Rd in Voorhees, NJ. This transaction was arranged by David Metzger and Nate Hyman.
• A $9,300,000 first lien mortgage for the refinance of a 96-unit multifamily on Park Ave in Orange, NJ. This transaction was arranged by David Metzger and Nate Hyman.
• A $3,200,000 first lien mortgage for the refinance of a 6-unit, mixed-use on Lee Ave in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
• A $2,743,000 first lien mortgage for the acquisition of a 36-unit multifamily on Crawford St in Newark, NJ. This transaction was arranged by Toby Oratz and Abe Kolman.
• $2,075,000 in first lien mortgages for the refinance of two mixed-use properties in Bronx, NY, comprising a total of 16 units. The transactions were arranged by Moshe Lipschitz.
• A $2,500,000 first lien mortgage for the refinance of a 41-unit multifamily on W 238th St in Bronx, NY. This transaction was arranged by Josh Horowitz and David Eisen.
• A $1,200,000 first lien mortgage for the acquisition of a 8-unit multifamily on Atlantic Ave in Brooklyn, NY. This transaction was arranged by Chaim Greenfeld and Adelle Ross.
• A $1,100,000 first lien mortgage for the refinance of a 9-unit mixed-use on Newkirk Ave in Brooklyn, NY. This transaction was arranged by Abraham Bergman.
• A $1,030,000 first lien mortgage for the refinance of a 6-unit multifamily on Garfield Ave in Jersey City, NJ. This transaction was arranged by Yossi Rubin.

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