Transactions

Meridian Capital Group, LLC announced the following transactions:
• A new mortgage in the amount of $2,175,000 on three multifamily buildings totaling 25 units located on Stonelea Place in New Rochelle, NY. The loan features a rate of 2.90% and a five-year term. Judah Hammer negotiated this transaction.
• New mortgages totaling $16,600,000 on four mixed-use buildings totaling 79 apartments and 16,760 square feet of commercial space located on West 96th Street, West 103rd Street, Eighth Avenue and Avenue C in New York, NY. The loans feature a rate of 3.13% and a 12-year term. Morris Diamant negotiated this transaction.
• A new mortgage in the amount of $12,000,000 on an 83-unit, six-story multifamily building located on West 130th Street in New York, NY. The loan features a rate of 3.13% and a 10-year term. Josh Rhine negotiated this transaction.
• A new mortgage of $8,600,000 was placed by Meridian on a 36-unit, four-story mixed-use building featuring 7,250 square feet of retail space located on East 18th Street in Brooklyn, NY and an 88-unit, six-story multifamily building located on and East 14th in Brooklyn, NY. The loan features a rate of 3.25% and a 10-year term. Avi Weinstock, Josh Rhine and Michael Farkovits negotiated this transaction.
• A new mortgage in the amount of $3,000,000 on a 37-unit, seven-story mixed-use building featuring 17,000 square feet of commercial space located on East 76st Street in Brooklyn, NY. The loan features a rate of 2.90% and a 10-year term. Jacob Nefoussi negotiated this transaction.
• A new mortgage of $2,800,000 was placed by Meridian on a 96-unit, 16-story multifamily building located on West End Avenue in New York, NY. The loan features a rate of 3.43% and a 10-year term. Avi Weinstock negotiated this transaction.
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Eastern Union announced the following transactions:
• A $25,500,000 first lien mortgage for the refinance of two multifamily properties with a total of 146 units and two mixed use properties with a total of 90 residential units and 14 retail tenants in Bronx, NY. This transaction was arranged by Eli Breiner.
• A $7,394,000 first lien mortgage for the refinance of a multifamily package with a total of 125 units in Bronx, NY. This transaction was arranged by Michael Muller.
• A $4,000,000 loan modification for a commercial property with 3 tenants on Connecticut Avenue in Washington, DC. This transaction was arranged by Marc Tropp.
• A $3,720,000 first lien mortgage for the refinance of a 54 unit multifamily property on Arthur Avenue in Bronx, NY. This transaction was arranged by Michael Muller.
• A $3,380,000 first lien mortgage for the refinance of an owner occupied warehouse on Forest Avenue in Ridgewood, NY. This transaction was arranged by Mark Perlowitz and Nate Hyman.
• A $3,175,000 first lien mortgage for the refinance of a 16 unit multifamily property on Central Avenue in Union City, NJ. This transaction was arranged by Michael Muller.
• A $2,780,000 first lien mortgage for the refinance of a 16 unit multifamily property on Tompkins Avenue in Brooklyn, NY. This transaction was arranged by David Eisen.
• A $2,400,000 first lien mortgage for the refinance of an 8 unit multifamily property on Taaffe Place in Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.
• A $2,000,000 first lien mortgage for the refinance of an 18,306 SF office building on US 9 in Marlboro Township, NJ. This transaction was arranged by Jeff Seidenfeld and CJ Danziger.
• A $1,400,000 first lien mortgage for the refinance of a12 unit multifamily property on De Reimer Avenue in Bronx, NY. This transaction was arranged by Josh Horowitz.
• A $1,312,000 first lien mortgage for the refinance of a mixed use property consisting of 12 residential units and 1,800 commercial SF on Troy Avenue in Brooklyn, NY. This transaction was arranged by Moti Blau.
• A $1,050,000 first lien mortgage for the refinance of a 16 unit multifamily property on Tillinghast Street in Newark, NJ. This transaction was arranged by Moti Amsel.
• A $1,032,000 first lien mortgage for the refinance of an 8 unit multifamily property on Newel Street in New York, NY. This transaction was arranged by Nate Hyman.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Len Solinsky obtained permanent financing in the amount of $1,215,000 for a dental office building on Ditmars Blvd. in Astoria.
• A permanent loan in the amount of $1,800,000 was closed by Michael Volpe for a commercial condominium on the Bowery in Manhattan.
• Permanent financing in the amount of $4,500,000 was arranged by Barry Swartz for a five story walk up apartment building containing 20 residential units and located on Perry Street in Manhattan.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $39,025,000 for the following properties:
• $14,325,000 for a 7-story residential building containing 22 apartments and 3 commercial units, located on Essex Street in Manhattan. Matthew Classi arranged the financing.
• $9,000,000 for 2 six-story residential apartment buildings containing a total of 236 units, located in Hempstead. Matthew Albano arranged the financing.
• $6,500,000 for an eight story apartment building containing 44 units, located on Hutchinson River Parkway East in the Bronx. David Sessa arranged the financing.
• $4,600,000 for a five-story apartment building containing 39 units, located on West 22nd Street in Manhattan. Paul Greenbau marranged the financing for this transaction.
• $4,600,000 for a five-story apartment building containing 55 units, located on Cannon Place in the Bronx. Adam Brostovski arranged the loan.
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HKS Capital Partners LLC reported the following transactions:
• A $6.74 million one-year bridge finance loan at 6% on six properties, all vacant land in the Bronx and Westchester. Ayush Kapahi negotiated this transaction.
• A $3.7 million, non-recourse ten-year fixed rate loan at 4.70% with cash-out on an existing 9-unit, 14,800 s/f commercial retail property in the Bronx. Rex Grasso negotiated this transaction
• A $2.55 million five-year fixed loan at 3.25% on a five-story, mixed-use building on the Upper East Side. The borrower was able to vacate the building, gut renovate the units, and cash out his equity to fund the purchase of a new building. Michael Lee negotiated this transaction.
• A $2.3 million five-year blanket mortgage loan at 3.25% on four separate buildings in Brooklyn. Jakub Stern-Szczepaniak negotiated this transaction.
• A $1.35 million five year fixed refinance at 3.125% on an existing 8-unit multi-family property in Brooklyn. The borrower was able to acquire the property at an off-market price, gut renovate the units and common areas, and lease up at market rents. Within six months of purchase, the borrower was able to cash out his equity to purchase another building. Michael Lee negotiated this transaction.