Real Estate Weekly
Image default
Deals & Dealmakers

TRANSACTIONS: Meridian Capital places $28,500,000 Brooklyn mortgage

GCP Capital Group arranged mortgage financing in the aggregate amount of $18,350,000 for the following properties:

• $8,200,000 combined financing for a garden cooperative apartment building containing 107 units, located in Spring Valley, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $4,500,000 for a six-story mixed-use building containing 10 luxury apartments and 2,000 square feet of ground floor commercial, located on Ninth Avenue in Manhattan, New York. David Sessa, Managing Director of GCP Capital Group, arranged the financing for this transaction.

• $3,400,000 for a five-story townhouse containing five apartments, located in the Fort Greene section of Brooklyn, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for this transaction.

• $2,250,000 for a four-story multifamily apartment building containing 9 units, located in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. Stephen Katz, Managing Director of GCP Capital Group, arranged the financing for this transaction.

•••

Meridian Capital announced the following transactions:

• A new mortgage of $28,500,000 was placed on an office property totaling 11,000 square feet located on Court Street in Brooklyn, NY. The loan features a rate of 3.85% and a 10-year term. This transaction was negotiated by Chaim Tessler.

• A new mortgage in the amount of $11,300,000 on a 46-unit multifamily property located on Chauncey Street in Brooklyn, NY. The loan features a rate of 3.62% and a five-year term. Scott Assouline negotiated this transaction.

• A new mortgage of $10,000,000 was placed on a mixed-use property totaling 55 units located on Webb Avenue in Bronx, NY. The loan features a rate of 3.88% and a five-year term. This transaction was negotiated by Jacob Rochlitz.

• A new mortgage in the amount of $8,500,000 on a 40-unit multifamily property located on West 25th Street in New York, NY. The loan features a rate of 3.95% and a seven-year term. Chaim Tessler negotiated this transaction.

• A new mortgage of $6,600,000 was placed on a mixed-use property with 16 units located on Grand Avenue in Bronx, NY. The loan features a rate of 3.95% and a five-year term. This transaction was negotiated by Isaac Filler.

• A new mortgage in the amount of $3,250,000 on a 10-unit multifamily property located on East 9th Street in New York, NY. The loan features a rate of 3.75% and a five-year term. Jacob Rochlitz negotiated this transaction.

•••

Eastern Union Funding announced the following transactions:

• A $10,000,000 first lien mortgage for the refinance of a 99-unit healthcare property in Cleveland, OH. This transaction was arranged by CJ Danziger and Phil Krispin.

• A $9,115,000 first lien mortgage for the acquisition of a 162-unit multifamily property in Roanoke, VA. This transaction was arranged by Jeffrey Seidenfeld.

• A $8,550,000 first lien mortgage for the refinance of an office building in Lakewood, NJ. This transaction was arranged by Moti Amsel.

• A $8,400,000 first lien mortgage for the refinance of an office building on in New Brunswick, NJ. This transaction was arranged by Moti Amsel and Jay Tyberg.

• A $6,667,500 first lien mortgage for the acquisition of a office building in Cherry Hill, NJ. This transaction was arranged by Abe Kolman.

• A $5,519,000 first lien mortgage for the acquisition of a 122-unit multifamily property in Indianapolis, IN. This transaction was arranged by Chesky Gross.

• A $4,500,000 first lien mortgage for the acquisition of a 10-unit mixed-use property in New York, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.

• A $3,600,000 first lien mortgage for the refinance of a multifamily property in Brooklyn, NY. This transaction was arranged by Jay Tyberg and Moti Amsel.

• A $3,150,000 first lien mortgage for the acquisition of an industrial property in Piscataway, NJ. This transaction was arranged by Meir Kessner.

• A $3,022,500 first lien mortgage for the acquisition of a hotel in Miami Beach, FL. This transaction was arranged by Abraham Bergman and Yossi Orzel.

A $2,784,000 first lien mortgage for the refinance of a 46-unit multifamily property in East Haven, CT. This transaction was arranged by David Metzger and Simcha Greenwald.

• A $2,640,000 first lien mortgage for the acquisition of a multifamily property in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.

• A $2,100,000 first lien mortgage for the refinance of a multifamily property in Brooklyn, NY. This transaction was arranged by Jay Tyberg.

• A $2,000,000 first lien mortgage for the refinance of a multifamily property in Brooklyn, NY. This transaction was arranged by Isaac Weiss.

Related posts

Former arts center in LIC now available for commercial use

REW

Three new retail tenants coming to Liberty Square Center in NJ

REW

JLL marketing distribution center in Brooklyn now under construction

REW