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Deals & Dealmakers

TRANSACTIONS: Meridian places $10.6m mortgage on mixed-use property in Bronx

Arbor Realty Trust, Inc. funded a $1.3 million Freddie Mac SBL deal in Fort Lauderdale, FL. Topanga Canyon Apartments, a 12-unit multifamily property, received funding through the program with a five-year term on a 30-year amortization schedule. Matthew Madacsi of Arbor’s New York City office originated the loan. Built in 1964, the property islocated in a thriving community with easy access to parks and recreational venues, cultural points of interest and various transportation alternatives.

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CV Capital Funding announce the following transactions:

• The closing of a $8,500,000 first mortgage refinance loan on a renovation completion condominium building in Denver, CO. The deal was arranged by Anthony Iervolino and Nick Ferrarone.

• The closing of a $840,000 first mortgage acquisition loan on a restaurant building in Magnolia, NJ. The deal was arranged by Anthony Iervolino.

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Eastern Union Funding announced the following transactions:

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

• A $7,250,000 first lien mortgage for the acquisition of a senior living center in Montclair, NJ. This transaction was arranged by David Metzger, Moshe Feiner, Phil Krispin and Bernie Fried.

• A $6,262,000 first lien mortgage for the acquisition of a 48-unit multifamily property in Orange, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• 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 Motti Blau and Mendy Pfeifer.

• 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 $1,550,000 first lien mortgage for the acquisition of a multifamily property Jersey City, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $1,250,000 first lien mortgage for the refinance of a 6-unit multifamily property in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.

• A $1,240,000 first lien mortgage for the acquisition of a 12-unit multifamily property in Brooklyn, NY. This transaction was arranged by Jack Beida and Michael Muller.

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Emerald Creek Capital provided a $3,675,000 bridge loan in Orlando, FL. The loan is secured by a 100% occupied retail strip center with 17,773 square feet of rentable area and 11 commercial units. The loan was originated by ECC Managing Director Mike Cleaver.

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GCP Capital Group has 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.

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Meridian Capital Group announced the following transactions:

• A new mortgage of $10,600,000 was placed on a mixed-use property totaling 58 units located on West Kingsbridge Road in Bronx, NY. The loan features a rate of 3.88% and a five-year term. This transaction was negotiated by Jacob Rochlitz and Joseph Akerman.

• A new mortgage in the amount of $5,700,000 on a 52-unit multifamily property located on Lefferts Boulevard in Kew Gardens, NY. The loan features a rate of 3.88% and a five-year term. Aaron Lerman negotiated this transaction.

• A new mortgage of $5,200,000 was placed on a multifamily property totaling 48 units located on Caton Avenue in Brooklyn, NY. The loan features a rate of 3.80% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.

• A new mortgage in the amount of $4,350,000 on a 38-unit multifamily property located on East 10thStreet in Brooklyn, NY. The loan features a rate of 4.00% and a five-year term. Jay Jacobovitch and Barry Lefkowitz negotiated this transaction.

• A new mortgage of $3,100,000 on a multifamily property totaling 54 units located on Gerard Avenue in Bronx, NY. The loan features a rate of 3.80% and a five-year term. This transaction was negotiated by Jacob Nefoussi.

• A new mortgage in the amount of $3,000,000 on a 20-unit multifamily property located on East 90thStreet in New York, NY. The loan features a rate of 3.95% and a seven-year term. Chaim Tessler and Asher Urbach negotiated this transaction.

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