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Debt & Equity

TRANSACTIONS: Eastern arranges $8.3M Brooklyn loan, GCP scores $11M in Yonkers financing

Eastern Union Funding announced the following transactions:

• A $10,705,000 first lien mortgage for the acquisition of a 280-unit multifamily property in Little Rock, AR. This transaction was arranged by Meir Kessner and David Eisen.
• An $8,300,000 first lien mortgage for the refinance of a multifamily property in Brooklyn, NY. This transaction was arranged by Abe Bergman and Yossi Orzel.
• An $8,110,000 first lien mortgage for the acquisition of a 216-unit multifamily property in New Orleans, LA. This transaction was arranged by Jeffrey Seidenfeld.
• A $7,536,000 first lien mortgage for the acquisition of a 245-unit multifamily property in Little Rock, AR. This transaction was arranged by David Eisen and Meir Kessner.
• A $3,400,000 first lien mortgage for the acquisition of a 12-unit multifamily property in Brooklyn. This transaction was arranged by Motti Blau and Mendy Pfeifer.
• A $2,650,000 first lien mortgage for the acquisition of a land property in Brooklyn. This transaction was arranged by Motti Blau and Mendy Pfeifer.
• A $2,507,000 first lien mortgage for the refinance of a 24-unit multifamily property in Washington, DC. This transaction was arranged by David Merkin and Marc Tropp.
• A $1,790,000 first lien mortgage for the refinance of a 18-unit multifamily property in Carteret, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $1,101,000 first lien mortgage for the refinance of a 12-unit multifamily property in Brentwood, MD. This transaction was arranged by David Merkin and Marc Tropp.

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GCP Capital Group arranged mortgage financing in the aggregate amount of $32,125,000 for the following properties:

• $11,500,000 for a five-story 102-unit multifamily apartment building in Yonkers. Paul Greenbaum, managing member, arranged the financing for this transaction.
• $10,025,000 for a six-story building containing 58 units, located in the Midwood neighborhood of Brooklyn. Stephen Katz, managing director, arranged the financing.
• $7,000,000 for a six-story apartment building containing 66 units, located on East 184th Street in the Bronx. Adam Brostovski, principal, arranged the financing.
• $3,600,000 for a three-story building containing 27 units, located in Hempstead, Nassau County. Matthew Albano, managing director, arranged the financing.

•••

Marcus & Millichap Capital Corporation announced the following transactions arranged by Andrew Dansker of Dansker Capital Group:

• A $3,250,000 refinance was arranged for a 16-unit multifamily property in Carroll Gardens, Brookly.
• A $2,300,000 refinance was arranged for an 8-unit multifamily property in the Carroll Gardens.
• A $2,300,000 refinance was arranged for a 3,760 s/f retail strip center in Staten Island.
• A $2,100,000 refinance was arranged for a 6-unit multifamily property in Cambridge, Massachusetts.
• A $1,525,000 refinance was arranged for a 6-unit multifamily property in Astoria, New York.
• A $1,000,000 loan was arranged for the acquisition of a 15,000 s/f industrial building on Cedar Street in the Port Richmond neighborhood of Philadelphia.
• A $500,000 refinance was arranged for a 23-unit multifamily property in the Carnegie Hill neighborhood of Manhattan.

•••

Meridian Capital announced the following transactions:

• A new mortgage of $11,000,000 on two multifamily properties totaling 112 units located on East 19th Street and New York Avenue in New York,. The loan features a rate of 3.96% and a 10-year term. This transaction was negotiated by Allan Lieberman.
• A new mortgage iof $6,650,000 on a 20-unit mixed-use property located on Hester Street in New York, NY. The loan features a rate of 3.86% and a five-year term. Michael Homapour negotiated this transaction.
• A new mortgage of $6,250,000 on a multifamily property totaling 15 units located on Prospect Place in Brooklyn, NY. The loan features a rate of 3.75% and a five-year term. This transaction as negotiated by Abraham Klein.
• A new mortgage in the amount of $4,300,000 on an 84-unit cooperative property located on East 22nd Street in New York, NY. The loan features a rate of 3.80% and a 10-year term. Steve Geller negotiated this transaction.
• A new mortgage of $3,700,000 was originated on a multifamily property totaling 77 units located on 14th Avenue in Brooklyn, NY. The loan features a rate of 3.75% and a five-year term. This transaction was negotiated by Josh Rhine.
• A new mortgage in the amount of $3,225,000 on a 42-unit multifamily property located on East 18th Street in New York, NY. The loan features a rate of 3.75% and a five-year term. Josh Rhine negotiated this transaction.

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