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Debt & Equity

TRANSACTIONS: Eastern Union Funding deals run real estate gamut

Eastern Union Funding announced the following transactions:
• A $25,214,000 first lien mortgage for the acquisition of a mixed-use property on 3 Rivers N in Fort Wayne, IN. This transaction was arranged by Jeffrey Seidenfeld.
• A $19,652,600 first lien mortgage for the acquisition of a senior living facility on E West Hwy in Riverdale, MD. This transaction was arranged by Phil Krispin, CJ Danziger and Jeffrey Seidenfeld.
• A $10,200,000 first lien mortgage for the acquisition of a healthcare facility on Hudson St, 5th Ave in Ithaca, NY. This transaction was arranged by Phil Krispin, Nachum Soroka and Yossi Rubin.
• A $6,900,000 first lien mortgage for the acquisition of an industrial building on Jake Brown Rd in Old Bridge, NJ. This transaction was arranged by Jeffrey Seidenfeld.
• A $5,200,000 first lien mortgage for the acquisition of a 98-unit multifamily on N 67th Ave in Glendale, AZ. This transaction was arranged by Ira Zlotowitz and Meir Kessner.
• A $4,900,000 first lien mortgage for the refinance of a 105-unit multifamily on Grace St in Greenwood, SC. This transaction was arranged by David Metzger.
• A $2,812,000 first lien mortgage for the refinance of a mixed-use property on Putnam Ave, Brooklyn. This transaction was arranged by Isaac Weiss.
• A $1,200,000 first lien mortgage for the refinance of a 10-unit multifamily on E 179th St in Bronx, NY. This transaction was arranged by Moshe Lipschitz.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $41,125,000 for the following properties:
• $18,300,000 combined financing for a package of five six-story multifamily apartment buildings containing a total of 191 units and 2,850 s/f of commercial space, located in the Fort George and Washington Heights neighborhoods of Manhattan. Adam Brostovski, principal, arranged the financing.
• $9,600,000 for a six-story multifamily apartment building containing 25 residential units and 4 commercial units, located on the Upper East Side. Alan Perlmutter, managing member, arranged the financing.
• $9,500,000 for a six-story multifamily apartment building containing 43 units and 6,200 s/f of commercial space, located on West 176th Street in Manhattan. Paul Greenbaum, managing member, arranged the financing .
• $3,725,000 combined financing for two five-story multifamily apartment buildings containing a total of 32 units, located on University Avenue in the Bronx. David Sessa, managing director, arranged the financing for these transactions.
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Jerry Houlihan of Houlihan-Parnes Properties, with its affiliate mortgage servicing company H-P Capital LLC, has arranged the placement of first mortgage bridge loans for the following properties in the New York/Connecticut area:
• $550,000 first mortgage loan on a 4,000 s/f diner in Yonkers on the Bronx border.
• $1,090.00 first Mortgage Loans for two houses in Fairfield County, Connecticut that will be torn down and completely rebuilt.
• $1,350,000 first mortgage loan for a gut renovated 4-story apartment building containing 2 ground level stores and 6 apts in the Redevelopment district of downtown Yonkers, NY.
• $340,000 first mortgage loan on a 3-family house in Fleetwood, Mount Vernon, NY.
• $600,000 first mortgage loan for a gut-renovated single-family house in Bayville, NY.
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Knighthead Funding announced the following transactions:
• $7,250,000 first mortgage acquisition loan secured by a 54 unit multifamily building in Chattanooga, TN
• $7,100,000 first mortgage refinance for improvements on a 36.8 acre subdivision in Richmond, TX
• $7,100,000 first mortgage refinance and construction completion of a 5 unit mixed-use building in Midtown West in Manhattan, NY
• $6,600,000 first mortgage adaptive re-use construction loan to convert a former Macy’s into a 1,082 unit self-storage property in Richmond Heights, OH.

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