Bernie Fried Archives - Real Estate Weekly

TRANSACTIONS

REW October 16, 2019 October 16, 2019

by REWOctober 16, 2019October 16, 20191895

Dansker Realty Capital LLC, provided bridge financing on a mixed use property with 16 apartments and 2 stores in the East Village. The property was fully leased and the borrower required working capital for projects related to the property. The transaction was arranged by Lowell Dansker, principal. Eastern Union Funding announced the following transactions:...

Deals & Dealmakers

TRANSACTIONS: GCP arranges mortgage financing in the aggregate amount of $53,650,000

REW October 9, 2019 October 9, 2019

by REWOctober 9, 2019October 9, 20192422

Meridian Capital announced the following transactions: • A new mortgage of $6,700,000 on a multifamily property totaling 68 units located on Thayer Street in New York, NY. The loan features a rate of 3.30% and a five-year term. This transaction was negotiated by Morris Diamant and David Liechtung. • A $5,900,000 mortgage on a...

Deals & Dealmakers

TRANSACTIONS: GCP Capital Group arranges mortgage financing in the aggregate amount of $28,525,000

REW September 27, 2019 September 27, 2019

by REWSeptember 27, 2019September 27, 20191912

Eastern Union Funding announced the following transactions: • A $20,750,000 first lien mortgage for the refinance of a 44-unit multifamily property in Brooklyn, NY. This transaction was arranged by Meir Kessner and David Eisen. • A $16,416,500 first lien mortgage for the acquisition of a 180-unit multifamily property in Holyoke, MA. This transaction was...

Deals & Dealmakers

TRANSACTIONS: Arbor Realty Trust funds three loans totaling $7 million

REW September 11, 2019 September 11, 2019

by REWSeptember 11, 2019September 11, 20193249

ABS Altman Warwick closed an $8.5 million loan on behalf of Wharton Properties for its single tenant retail building at 810 Main St. in New Rochelle, N.Y. Morris Dweck secured a five-year, full-term interest-only loan at 2.88 percent rate. The 7,239 s/f building is situated on several contiguous lots totaling 50,000 s/f with...

Banking and Finance Deals & Dealmakers

TRANSACTIONS: Emerald Creek Capital places $13,200,000 bridge loan in Prospect Lefferts Gardens

REW August 28, 2019 August 28, 2019

by REWAugust 28, 2019August 28, 20193924

Meridian Capital announced the following transactions: • A new mortgage of $9,100,000 was placed by Meridian on a multifamily property totaling 66 units located on Lefferts Avenue in Brooklyn, NY. The loan features a rate of 3.50% and a five-year term. This transaction was negotiated by Mark Brachfeld and Akiva Rosenberg. • A new...

Deals & Dealmakers

TRANSACTIONS: Meridian places new $8,000,000 mortgage on 646-unit co-op on Riverside Drive

REW August 14, 2019 August 14, 2019

by REWAugust 14, 2019August 14, 20192016

Meridian has announced the following financing deals: • A new mortgage of $12,500,000 was placed on a retail property totaling 35,000 square feet located on Avenue Y in Brooklyn, The loan features a rate of 3.75 percent and a 10-year term. This transaction was negotiated by Isaac Filler and Michael Helmreich. •...

Deals & Dealmakers

TRANSACTIONS: GCP Capital Group arranges mortgage financing in the aggregate amount of $68,900,000

REW July 31, 2019 July 31, 2019

by REWJuly 31, 2019July 31, 20193404

CHC Capital has arranged $11,500,000 for the refinance of the Homewood Suites by Hilton in Fayetteville, NC for Shamin Hotels. The loan was placed with a national lender and offered a 10-year term, 10-years of interest only and a fixed interest rate locked at 3.85%. The 111-key property was developed by...

Deals & Dealmakers

TRANSACTIONS: Meridian Capital places $20m mortgage on Jamaica multifamily

REW July 10, 2019 July 10, 2019

by REWJuly 10, 2019July 10, 20192864

Meridian Capital announced the following transactions: • A new mortgage of $20,000,000 was placed on a multifamily property totaling 68 units located on Wexford Terrace in Jamaica, NY. The loan features a rate of 3.45% and a 10-year term. This transaction was negotiated by David Hayum and Luke Hingson. • A new mortgage in the...

Banking and Finance

TRANSACTIONS

REW July 3, 2019 July 3, 2019

by REWJuly 3, 2019July 3, 20192016

HKS Real Estate Advisors reported the following transactions: • A $8.15 million construction loan for the ground-up development of a seven-story, eight-unit residential condominium building in Manhattan. Michael Lee, partner, arranged the financing. • A $4.8 million acquisition and renovation loan for the purchase and rehab of a five-story multi-family property comprised...

Debt & Equity

TRANSACTIONS: Meridian Capital places $23,250,000 mortgage on NJ multifamily

REW June 26, 2019 June 26, 2019

by REWJune 26, 2019June 26, 20194208

Eastern Union Funding announced the following transactions: • A $21,000,000 first lien mortgage for the acquisition of a 266-unit multifamily property in Kingston, NY. This transaction was arranged by Jeffrey Seidenfeld. • A $17,600,000 first lien mortgage for the acquisition of a 309-unit multifamily property in Greenville, SC. This transaction was arranged by David...