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Debt & Equity

Transactions: Eastern Union closes $16.1M mortgage, GCP makes $17M loan

Eastern Union Funding announced the following retail transactions:

  • A $16,100,000 first lien mortgage for the acquisition of a 550,000 s/f retail power center on Boardman-Canfield Road in Youngstown, OH. This transaction was arranged by Marc Tropp.
  • A $12,100,000 first lien mortgage for the acquisition of a 290,000 s/f, open-air retail center in Columbia, S.C. This transaction was arranged by David Metzger.
  • A $9,600,000 first lien mortgage for the acquisition of a 192,000 s/f shopping center on N Green River Road in Evansville, IN. This transaction was arranged by Jack Beida and Michael Muller.
  • A $9,300,000 first lien mortgage for the refinance of a 5,273 s/f retail co-op on W 92nd Street in New York. This transaction was arranged by Abraham Bergman and Yossi Orzel.
  • A $7,450,000 first lien mortgage for the the acquisition of a 140,000 s/f shopping center on Wilmington Road in New Castle, PA. This transaction was arranged by Marc Tropp.
  • A $5,460,000 first lien mortgage for the acquisition of a 4-unit retail property on Boston Road in Bronx, NY. This transaction was arranged by Jay Tyberg and Moti Amsel.
  • A $2,400,000 first lien mortgage for the the acquisition of an approx. 11,700 s/f , multi-tenant retail site on Crain Highway South in Glen Burnie, MD. This transaction was arranged by Moshe Lipschitz.
  • A $2,169,000 first lien mortgage for the acquisition of a 62,000 s/f shopping center on Commerce Drive in Bluefield, VA. This transaction was arranged by Marc Tropp.
  • A $1,650,000 first lien mortgage for the acquisition of a multi-tenant retail property on Central Avenue in East Orange, NJ. This transaction was arranged by Ira Zlotowitz and Steve Cohen.
  • A $969,500 first lien mortgage for the refinance of a 15,952-square-foot retail center on S Division Street in Salisbury, MD. This transaction was arranged by Marc Tropp.
  • A $805,000 first lien mortgage for the acquisition of a retail center on West Fourth Street in Mansfield, OH. This transaction was arranged by Motti Blau and Mendy Pfeifer.

Recent single-tenant retail loans arranged by Eastern Union include:

  • A $3,600,000 first lien mortgage for the the refinance of a single-tenant retail property on River Avenue in Lakewood, NJ. This transaction was arranged by Moti Amsel.
  • A $1,600,000 first lien mortgage for the the refinance of a 14,472-square-foot freestanding retail property on Belair Road in Nottingham, MD. This transaction was arranged by Marc Tropp and David Merkin.
  • A $1,000,000 first lien mortgage for the refinance of a single-tenant retail property on Tonnelle Avenue in North Bergen, NJ. This transaction was arranged by Joe Saul and Steve Cohen.
  • A $910,000 first lien mortgage for the acquisition of a single-tenant retail property on NW 30th Avenue in Ocala, FL. This transaction was arranged by Josh Horowitz.
  • A $800,000 first lien mortgage for the refinance of a single-tenant retail property on Montgomery Road in Cincinnati, OH. This transaction was arranged by David Metzger.
  • A $350,000 first lien mortgage for the acquisition of a 12,171-square-foot freestanding retail property on St. Joseph Street in Arnaudville, LA. This transaction was arranged by Marc Tropp.

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GCP Capital Group arranged mortgage financing in the aggregate amount of $30,150,000 for the following properties:

  • $17,000,000 for three five-story multifamily apartment buildings containing a total of 92 units and approximately 10,700 s/f of commercial space, located in the Washington Heights neighborhood of Manhattan, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
  • $5,900,000 for a one-story, 12,400 square foot retail building containing nine tenants, located on 63rd Drive in Queens, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction. • $5,000,000 for a 54,150 square foot, two-story commercial building containing 8 retail units, located on Rockaway Boulevard in Queens, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
  • $2,250,000 for two multifamily buildings and two mixed-use buildings containing a total of 15 apartments and 3 commercial units, located in Lynbrook, Nassau County, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for this transaction.

•••

Marcus & Millichap Capital Corporation announced the following transaction:

  • A $1,850,000 construction loan was arranged for a multifamily property in the Clinton Hill neighborhood of Brooklyn. The financing was arranged by Andrew Marcus and Andrew Dansker.

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