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Deals & Dealmakers

TRANSACTIONS: GCP Capital Group arranges $17,550,000 mortgage financing

GCP Capital Group arranged mortgage financing in the aggregate amount of $17,550,000 for the following properties:

• $6,000,000 for a five-story mixed-use building containing 7 apartments and approx. 1,300 square feet of ground floor commercial space, located in the East Village of Manhattan. Alan Perlmutter, Managing Member, arranged the financing for this transaction.

• $4,350,000 combined financing for a six-story multifamily building and five-story mixed-use building containing a total of 41 apartments and 4 commercial units, located in the Kingsbridge neighborhood of the Bronx. David Sessa, Managing Director, arranged the financing.

• $4,100,000 at 3.4% on a 20-year fixed term for a newly-constructed rental complex containing 18 luxury apartments, located in West Babylon, Suffolk County, New York. Matthew Classi, Managing Member, arranged the financing for this transaction.

• $3,100,000 for a six-story cooperative apartment building containing 129 units, located on Avenue I in Brooklyn. Paul Greenbaum, Managing Member, arranged the financing for this transaction.

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Jafri Capital announced a $1,500,000 bridge loan for a property located at 192-08 Jamaica Avenue, Jamaica, Queens. Stormfield Capital was the lender. Shahid Jafri of Jafri Capital brokered the transaction.

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

• A $2,000,000 refinance was arranged for a 4,410 SF mixed-use building in Harlem. The financing was arranged by Andrew Marcus and Andrew Dansker.

• A $1,700,000 refinance was arranged for a 10-unit multifamily building in the Upper West Side. The financing was arranged by Andrew Marcus and Andrew Dansker.

• A $1,300,000 refinance was arranged for an 8-unit multifamily building in the Upper West Side. The financing was arranged by Andrew Marcus and Andrew Dansker.

• A $1,235,000 refinance was arranged for a 16-unit multifamily building in the Bath Beach neighborhood of Brooklyn. The financing was arranged by Andrew Marcus and Andrew Dansker.

•••

Meridian Capital announced the following transactions:

• A new mortgage of $12,800,000 was placed on a multifamily property totaling 92 units located on 65th Street in Brooklyn, NY. The loan features a rate of 3.40% and a five-year term. This transaction was negotiated by Jacob Schmuckler and Meir Schlusselberg.

• A new mortgage in the amount of $6,350,000 on a 10-unit multifamily property located on East Fifth Street in New York, NY. The loan features a rate of 3.50% and a five-year term. Michael Homapour and Ami Levin negotiated this transaction.

• A new mortgage of $5,000,000 was placed by Meridian on a multifamily property totaling 42 units located on Audubon Avenue in New Yor. The loan features a rate of 3.50% and a seven-year term. This transaction was negotiated by Judah Hammer and Jared Kaufman.

• A new mortgage in the amount of $4,900,000 was placed on a 30-unit multifamily property located on West 163rd Street in New York, NY. The loan features a rate of 3.50% and a seven-year term. Judah Hammer and Daniel Neiss negotiated this transaction.

• A new mortgage of $3,300,000 was placed by Meridian on a cooperative property totaling 100 units located on Ocean Parkway in Brooklyn, NY. The loan features a rate of 3.60% and a 10-year term. This transaction was negotiated by Jacob Schmuckler and Meir Schlusselberg.

• A new mortgage in the amount of $1,350,000 on a 10-unit multifamily property located on East 123rd Street in New York, NY. The loan features a rate of 3.63% and a five-year term. Zev Feder and Jason Bogopulsky negotiated this transaction.

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