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TRANSACTIONS: GCP assembles $41M mortgage, Eastern Union cuts $19.5M loan in Yonkers

Meridian Capital announced the following transactions:

• A new mortgage in the amount of $6,300,000 on a five-building, 55-unit cooperative property located on Lexington Avenue in New York, NY. The loan features a rate of 3.625% and a 10-year term. Steve Geller and Avi Geller negotiated this transaction.

• A new mortgage of $6,100,000 was placed on a 62-unit multifamily property located on West Sixth Street in Brooklyn, NY. The loan features a rate of 3.375% and a five-year term. This transaction was negotiated by Avi Weinstock and Chaim Tessler.

• A new mortgage in the amount of $4,500,000 on a 67-unit cooperative property located on Central Park West in New York, NY. The loan features a rate of 3.625% and a 10-year term. Steve Geller and Avi Geller negotiated this transaction.

• A new mortgage of $3,800,000 was placed by Meridian on a four-unit multifamily property located on Bedford Avenue in Brooklyn, NY. The loan features an initial rate of 3.625% and a five-year term. This transaction was negotiated by Charles Grussgott and Michael Helmreich.

• A new mortgage in the amount of $2,500,000 on an eight-unit multifamily property located on Rogers Avenue in Brooklyn, NY. The loan features an initial rate of 3.375% and a five-year term. Michael Farkovits negotiated this transaction.

• A new mortgage of $1,300,000 was placed on an eight-unit multifamily property located on Stanhope Street in Brooklyn, NY. The loan features an initial rate of 3.50% and a five-year term. This transaction was negotiated by Michael Homapour and Brian Flax.

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Marcus & Millichap Capital Corporation announced the following transaction:

• A $2,400,000 financing package to refinance a 54-unit, multifamily building in the Norwood neighborhood of the Bronx. The financing included a $2,250,000 first mortgage which featured a 10-year fixed interest rate of 3.85% and a $150,000 line-of-credit. The financing was arranged by Andrew Dansker.

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Eastern Union Funding announced the following transactions:

• A $19,500,000 first lien mortgage for the refinance of a 31-unit office building on S Broadway in Yonkers, NY. This transaction was arranged by David Metzger, Simcha Greenwald and Nate Hyman.

• A $19,350,000 first lien mortgage for the acquisition of a healthcare facility on Kappock St in Bronx, NY. This transaction was arranged by Nachum Soroka, Phil Krispin and Yossi Rubin.

• A $17,005,000 first lien mortgage for the refinance of a 26-unit mixed-use on Manhattan Ave in Brooklyn, NY. This transaction was arranged by Meir Kessner and David Eisen.

• A $11,600,000 first lien mortgage for the refinance of an office building on Oak Glen Rd in Howell, NJ. This transaction was arranged by Abraham Bergman and Yossi Orzel.

• A $10,900,000 first lien mortgage for the refinance of a 24-unit multifamily on Fulton St in Brooklyn, NY. This transaction was arranged by Meir Kessner and David Eisen.

• A $5,250,000 first lien mortgage for the acquisition of a 22-unit retail property on Scaggsville Rd in Fulton, MD. This transaction was arranged by Marc Tropp.

• A $5,000,000 first lien mortgage for the acquisition of a 32-unit shopping center on Austin Peay Hwy in Memphis, TN. This transaction was arranged by Chesky Gross.

• A $4,650,000 first lien mortgage for the acquisition of a 60-unit multifamily on Point St in Camden, NJ. This transaction was arranged by Nate Hyman and David Metzger.

• A $4,200,000 first lien mortgage for the refinance of a 12-unit multifamily on Bergen St in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz and Michael Muller.

• A $4,195,146 first lien mortgage for the acquisition of a 72-unit multifamily on N Fox Ave in Panama City, FL. This transaction was arranged by Adelle Ross and Judah Aderet.

• A $10,020,000 first lien mortgage for the acquisition of a 3 property multifamily portfolio in Elizabeth, NJ. This transaction was arranged by Nate Hyman, Jonathan Singer and David Metzger.

• A $2,400,000 first lien mortgage for the refinance of a 48-unit multifamily on Haverford Rd in Crum Lynne, PA. This transaction was arranged by Michael Muller and Jack Beida.

• A $2,006,250 first lien mortgage for the acquisition of a 2-unit office building on E Joppa Rd in Parkville, MD. This transaction was arranged by Barry Dollman and Marc Tropp.

• A $2,000,000 first lien mortgage for the refinance of a 5-unit retail on Merrick Blvd in Queens, NY. This transaction was arranged by David Merkin and Marc Tropp.

• A $1,500,000 first lien mortgage for the refinance of a 6-unit mixed-use on Waltham St in Jamaica, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.

• A $1,350,000 first lien mortgage for the refinance of a 23-unit multifamily on Grafton St in Jamaica, NY. This transaction was arranged by Jack Beida.

• A $1,262,250 first lien mortgage for the acquisition of a multifamily property on Giles Pl in Bronx, NY. This transaction was arranged by Meir Kessner and David Eisen.

• A $1,050,000 first lien mortgage for the refinance of a 12-unit multifamily on Parker St in Newark, NJ. This transaction was arranged by Adelle Ross.

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GCP Capital Group arranged mortgage financing in the aggregate amount of $71,255,000 for the following properties:

• $41,000,000 for a three-story plus lower level office building comprised of approximately 314,200 rentable square feet, located in New Hyde Park, Nassau County, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $13,500,000 for a four-story mixed-use building containing 47 apartments and 27,000 square feet of commercial space, located on Broadway in Brooklyn, New York. Jack Fried, Senior Associate, arranged the financing for this transaction.

• $8,160,000 for a six-story multifamily apartment building containing 54 units and 2,100 square feet of commercial space, located on Creston Avenue in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.

• $4,650,000 for a five-story mixed-use building containing 7 apartments and 2,750 square feet of commercial space, located on Montague Street in Brooklyn, New York. Paul Greenbaum, Managing Member, arranged the financing for this transaction.

• $3,945,000 for a two-story garden apartment complex containing 72 units, located in Liverpool, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.

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