Real Estate Weekly
Image default
Debt & Equity

TRANSACTIONS: GCP arranges $31M in mortgages

Meridian Capital announced the following transactions:
• A new mortgage in the amount of $1,500,000 on a five-story, 10-unit multifamily property located on 30th Avenue in Queens, NY. The loan features a rate of 2.75% and a five-year term. David Hayum and Ariel Jeidel negotiated this transaction.
• A new mortgage of $6,800,000 on a six-story, 24-unit multifamily property located on West 113th Street in New York, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Isaac Filler and Michael Helmreich.
• A new mortgage in the amount of $5,550,000 on a five-story, 16-unit multifamily property located on Ludlow Street in New York, NY. The loan features a rate of 2.80% and a three-year term. Cary E. Pollack and Steven Cohen negotiated this transaction.
•A new mortgage of $4,000,000 on three multifamily properties totaling 20 units located on St. Mark’s Avenue in Brooklyn, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Avi Weinstock and Michael Farkovits.
•A new mortgage in the amount of $4,000,000 on a five-story, 16-unit mixed-use property with 4,900 square feet of retail space located on Columbus Avenue in New York, NY. The loan features a rate of 3.00% and a five-year term. Jacob Schmuckler and Sam Shifer negotiated this transaction.
• New mortgages totaling $2,805,000 were placed on two multifamily properties composed of seven units located on West 139th Street in New York, NY and on Quincy Street in Brooklyn, NY. The loans feature rates of 2.85% and three-year terms. These transactions were negotiated by Judah Hammer and Daniel Neiss.
•••
GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $31,225,000 for the following properties:
• $13,000,000 for a six-story multifamily apartment building containing 54 units, located on St. Marks Avenue in Brooklyn, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $5,300,000 for a five-story multifamily apartment building containing 58 units, located on Sickles Street in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
• $5,000,000 for three adjoining three-story apartment buildings containing a total of 9 units, located on Hughes Avenue in the Bronx, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
• $4,425,000 for a four-story mixed-use building containing 11 apartments and 2 commercial spaces, located on Third Avenue in Manhattan, New York. David Sessa, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
• $3,500,000 for a five-story multifamily apartment building containing 20 units and 1 commercial unit, located on Amsterdam Avenue in Manhattan, New York. Adam Brostovski arranged the financing.
•••
Eastern Union Funding announced the followin transactions:
•A $8,825,000 first lien mortgage for the acquisition loan of a mobile home on Baker Ln. in Winchester, VA. This transaction was arranged by Jake Handelsman.
• A $7,370,000 first lien mortgage for the acquisition loan of a 13-unit office building on N Wickham Rd. in Melbourne, FL. This transaction was arranged by David Betesh.
• A $4,420,000 first lien mortgage for the refinance of a 40-unit multi-family on E 94th St. in Brooklyn, NY. This transaction was arranged by Phil Krispin.
• A $3,000,000 first lien mortgage for the acquisition loan of a 6-unit office building on Frederick Rd. in Baltimore, MD. This transaction was arranged by Marc Tropp.
• A $2,880,000 first lien mortgage for the refinance of an 11-unit retail on S Salisbury Blvd in Salisbury, MD. This transaction was arranged by Marc Tropp.
• A $2,400,000 first lien mortgage for the acquisition loan of a 13-unit retail on Lafayette Rd. in Fort Oglethorpe, GA. This transaction was arranged by Marc Tropp.
•A $2,000,000 first lien mortgage for the refinance of an 8-unit multi-family on Chauncey St. in Brooklyn, NY. This transaction was arranged by Yossi Orzel and Abraham Bergman.
• A $1,883,823 first lien mortgage for the acquisition loan of a multi-family on 13th St. NW in Washington, DC. This transaction was arranged by Marc Tropp.
• A $1,800,000 first lien mortgage for the refinance of a 40-unit multi-family on N Oraton Pkwy in East Orange, NJ. This transaction was arranged by Michael Muller.
• A $1,800,000 first lien mortgage for the refinance of a 46-unit multi-family on Summer Ave. in Newark, NJ. This transaction was arranged by Michael Muller.
•A $1,725,000 first lien mortgage for the acquisition loan of a 7-unit mixed-use on S Elmora Ave. in Elizabeth, NJ. This transaction was arranged by Moti Amsel.
• A $1,575,000 first lien mortgage for the refinance of a 16-unit multi-family on Trenton, NJ. This transaction was arranged by David Eisen and Josh Horowitz.
• A $1,237,000 first lien mortgage for the acquisition loan of a 6-unit retail on Waterbury St. in Brooklyn, NY. This transaction was arranged by James Hurtig and Ira Zlotowitz.
• A $900,000 first lien mortgage for the refinance of a 3-unit multi-family on Kingsbridge Terrace in Bronx, NY. This transaction was arranged by Jeffrey Seidenfeld.

Related posts

Natixis refinances 10 Jay as new tenants sign up

REW

JBA arranges $38M deal for new Greenpoint rental

REW

Glacier Global, Triangle bags $205M refi’ for 10 Jay Street

REW