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Deals & Dealmakers

TRANSACTIONS: Eastern Union Funding places 25,090,000 first lien mortgage on Indianapolis multi-family

Eastern Union Funding announced the following transactions:

• A $25,090,000 first lien mortgage for the acquisition of a 328-unit multifamily property in Indianapolis, IN. This transaction was arranged by Jeffrey Seidenfeld.

• A $17,671,000 first lien mortgage for the acquisition of a senior living property in Absecon, NJ. This transaction was arranged by Phil Krispin.

• A $14,700,000 first lien mortgage for the refinance of a 288-unit multifamily property in Trenton, NJ. This transaction was arranged by Isaac Sternhill.

• A $13,100,000 first lien mortgage for the refinance of a 200-unit multifamily in Conyers, GA. This transaction was arranged by Jeffrey Seidenfeld.

• A $12,250,000 first lien mortgage for the refinance of a 140-unit multifamily property in Naples, FL. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $12,000,000 first lien mortgage for the acquisition of an office building property in Naperville, IL. This transaction was arranged by Ira Zlotowitz and Michael Muller.

• A $10,900,000 first lien mortgage for the acquisition of a 110-unit multifamily property in Maple Heights, OH. This transaction was arranged by Jeffrey Seidenfeld.

• A $5,037,000 first lien mortgage for the refinance of a 42-unit multifamily property in Yonkers, NY. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $4,476,800 first lien mortgage for the acquisition of a shopping center in Chantilly, VA. This transaction was arranged by Marc Tropp.

• A $3,750,000 first lien mortgage for the acquisition of a 34-unit multifamily property in Bronx, NY. This transaction was arranged by Ira Zlotowitz, Abraham Bergman and Michael Muller.

• A $3,500,000 first lien mortgage for the acquisition of a office building in Utica, NY. This transaction was arranged by Ira Zlotowitz and Michael Muller.

• A $3,487,500 first lien mortgage for the refinance of a 61-unit multifamily property in Newburgh, NY. This transaction was arranged by Jeffrey Seidenfeld.

• A $2,000,000 first lien mortgage for the refinance of a condo property in North Miami Beach, FL. This transaction was arranged by Jeffrey Seidenfeld.

•••

GCP Capital Group arranged mortgage financing in the aggregate amount of $27,450,000 for the following properties:

• $10,650,000 for a four-story office building comprised of approximately 101,600 leasable square feet, located in Melville, Suffolk County, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $8,200,000 combined financing for a portfolio of seven multifamily apartment buildings containing a total of 56 units, located in the Norwood and Westchester Village sections of the Bronx, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for these transactions.

• $5,500,000 for three contiguous five-story multifamily apartment buildings containing a total of 60 units, located on East 88th Street in Manhattan, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $3,100,000 for a five-story multifamily apartment building containing 28 units, located on East 208th Street in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.

•••

Dansker Capital Group at Marcus & Millichap announced the following transactions:

• A $2,500,000 refinance was arranged for a 25,672 SF mixed-use property in Saratoga Springs, NY. The financing was arranged by Andrew Dansker.

• A $1,280,000 refinance was arranged for a 12,000 SF mixed-use property in the Bronx, New York. The financing was arranged by Andy Weiss.

• A $1,350,000 refinance was arranged for a 3,348 SF mixed-use property in Queens, New York. The financing was arranged by Andrew Marcus.

• A $536,000 refinance was arranged for a 3,920 mixed-use property in the Bronx, New York. The financing was arranged by Andy Weiss.

•••

Meridian Capital announced the following transactions:

• A new mortgage of $5,900,000 was placed on a multifamily property totaling 63 units located on East 139th Street in Bronx, NY. The loan features a rate of 3.88% and a five-year term. This transaction was negotiated by Alan Friedman and Ethan Kalaora.

• A new mortgage in the amount of $5,400,000 on a 167-unit cooperative property located on 71st Street in Brooklyn, NY. The loan features a rate of 3.86% and a 10-year term. Jacob Schmuckler and Meir Schlusselberg negotiated this transaction.

• A new mortgage of $4,400,000 was placed on a mixed-use property totaling 10 units located on Third Avenue in Bronx, NY. The loan features a rate of 3.88% and a five-year term. This transaction was negotiated by Alan Friedman and Eric Chapek.

• A new mortgage in the amount of $4,100,000 on a five-unit mixed-use property located on Fulton Street in Brooklyn, NY. The loan features a rate of 3.95% and a five-year term. Eli Serebrowski negotiated this transaction.

• A new mortgage of $3,400,000 was placed on a cooperative property totaling 104 units located on Riverside Drive in New York, NY. The loan features a rate of 3.85% and a 10-year term. This transaction was negotiated by Steve Geller and Avi Geller.

• A new mortgage in the amount of $3,000,000 on a 70-unit cooperative property located on Park Avenue in New York, NY. The loan features a rate of 3.96% and a 10-year term. Steve Geller and Nicoletta M. Pagnotta negotiated this transaction.

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