Real Estate Weekly
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Debt & Equity

TRANSACTIONS: GCP arranges $45M mortgage for East Village building

GCP Capital Group arranged mortgage financing in the aggregate amount of $82,150,000 for the following properties:
• $45,500,000 for a six-story mixed-use building containing 81 apartments and 6,000 s/f of commercial space, located in the East Village. Paul Greenbaum, managing member, arranged the financing.
• $18,750,000 for a 12-story office building comprised of 156,500 gross square feet, located in Yonkers, Westchester County. Adam Brostovski, principal, arranged the financing.
• $15,200,000 for four four-story multifamily apartment buildings containing a total of 157 apartments, located in Freeport, Nassau County. Matthew Albano, managing director, arranged the financing.
• $2,700,000 for a five-story multifamily apartment building containing 25 units, located on Nagle Avenue in Manhattan. David Sessa, managing director, arranged the financing for this transaction.
•••
Meridian Capital announced the following transactions:
• A new mortgage of $4,250,000 on a 50-unit multifamily property on Holland Avenue in the Bronx, NY. The loan features a rate of 4.375% and a five-year term. Aaron Lerman and Brian Flax negotiated this transaction.
• A new mortgage of $4,250,000 on a multifamily property totaling 32 units located on New Lots Avenue in Brooklyn, NY. The loan features a rate of 4.125% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
• A $3,500,000 mortgage on a 42-unit multifamily property located on White Plains Road in the Bronx, NY. The loan features a rate of 4.26% and a five-year term. Drew Anderman and Alan Blank negotiated this transaction.
• A $2,750,000 mortgage on a 23-unit mixed-use property located on Canal Street in New York, NY. The loan features a rate of 3.875% and a five-year term. Michael Ryback and Judah Hammer negotiated the loan.
• A new mortgage of $2,150,000 on a 63-unit cooperative property located on West Merrick Road in Freeport, NY. The loan features a rate of 4.15% and a 10-year term. Avi Geller and Steve Geller negotiated this transaction.
• A $2,150,000 wmortgage on a retail property located on Linden Boulevard in Saint Albans, NY. The loan features a rate of 4.17% and a five-year term. This transaction was negotiated by Blake Orman and Brian Flax.
•••
Eastern Union Funding announced the following transactions:
• A $32,000,000 bridge construction loan for a mixed-use development in Frisco, TX. This transaction was arranged by Mordechai Beren and Abraham Bergman.
• A $16,794,000 first lien mortgage for the acquisition of a 201-unit multifamily on Nile Circle in Mooresville, NC. This transaction was arranged by Jonathan Singer.
• A $4,900,000 first lien mortgage for the refinance of a 10-unit mixed-use on 3rd Ave in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
• A $4,500,000 first lien mortgage for the acquisition of a single-tenant NNN property on Towne Crossing Blvd in Mesquite, TX. It was arranged by Michael Muller.
• A $3,808,000 first lien mortgage for the acquisition of a 39-unit multifamily on Monroe Ave in Pittsford, NY. It was arranged by David Metzger and Nate Hyman.
• A $2,120,000 first lien mortgage for a land acquisition on W Gray St in Tampa, FL. This transaction was arranged by Ben Alpert and Marc Tropp.
• A $2,027,000 first lien mortgage for the refinance of a 6-unit multifamily on Menahan St in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz and Michael Muller.
• A $1,050,000 first lien mortgage for the refinance of a 6-unit mixed-use on Rutland Rd in Brooklyn, NY. Motti Blau and Mendy Pfeifer arranged the transaction.

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