Meridian Capital announced the following transactions:
• A new mortgage of $2,575,000 was placed on a two four-story mixed-use properties totaling 14 units and 1,200 square feet of retail space located on East 87th Street in New York, NY. The loan features a rate of 2.88% and a five-year term. This transaction was negotiated by Allan Lieberman and Asher Haft.
• A new mortgage in the amount of $40,000,000 on a 12-story, 88,700 square foot office property located on West 45th Street in New York, NY. The loan features a rate of 3.50% and a five-year term. David Hayum and Rael Gervis negotiated this transaction.
• A new mortgage of $19,600,000 was placed by Meridian on a 228-unit multifamily property located on Stenton Avenue in Philadelphia, PA. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Moshe Majeski and Danielle McCombs.
• A new mortgage in the amount of $3,390,000 on a five-story, 31-unit multifamily property located on Wadsworth Avenue in New York, NY. The loan features a rate of 3.13% and a five-year term. David Bollag negotiated this transaction.
• A new mortgage of $1,600,000 was placed on a five-story, 40-unit cooperative property located on East 83rd Street in New York, NY. The loan features a rate of 3.50% and a six-year term. This transaction was negotiated by Jeffrey J. Weinberg and Steven Geller.
• A new mortgage in the amount of $1,325,000 on a 5,600 s/f retail property located on Merrick Road in Wantagh, NY. The loan features a rate of 3.38% and a five-year term. Steven Tessler negotiated this transaction.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $33,450,000 for the following properties:
• $16,000,000 for a package of three apartment buildings containing a total of 19 apartments and 8 stores, located on First Avenue in Manhattan, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this package.
• $5,800,000 for a one-story strip retail building comprised of 20,350 square feet, located on Astoria Boulevard in East Elmhurst, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this property.
• $5,700,000 for a five-story apartment building containing 63 units, located on Valentine Avenue in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this property.
• $3,200,000 for a six-story apartment building containing 25 units and 2,050 square feet of commercial space, located on Walton Avenue in the Bronx, New York. Adam Brostovski, Princiapl of GCP Capital Group, arranged the financing for this property.
• $2,750,000 for a five-story apartment building containing 27 units, located on Nagle Avenue in Manhattan, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this property.
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Eastern Union Funding announced the following transactions:
• A $2,880,000 first lien mortgage for the acquisition of a 60-unit multifamily in Walden, NY. This transaction was negotiated by Meir Kessner
• A $2,870,000 first lien mortgage to refinance a commercial condo building on 66th Avenue in Rego Park, NY. This transaction was negotiated by Mendy Pfeifer and Motti Blau.
