Transactions - Real Estate Weekly

Meridian Capital Group, LLC announced the following transactions:
• A new mortgage in the amount of $5,500,000 on two multifamily buildings totaling 91 units located on East 21st Street in Brooklyn, NY. The loan features a rate of 2.85% and a 10-year term. Alan Friedman and Daniel Blumenthal negotiated this transaction.
• A new mortgage totaling $15,000,000 on a 16,863 s/f retail condo located on Sixth Avenue in New York, NY. The loan features a rate of 3.38% and a seven year term. Cary Pollack and Charles Grussgott negotiated this transaction.
• A new mortgage in the amount of $7,500,000 on a 92-unit, seven-story multifamily building located on Reservoir Oval East in The Bronx, NY. The loan features a rate of 3.13% and a seven year term. Sam Shifer negotiated this transaction.
• A new mortgage of $2,700,000 on an 18-unit, four-story multifamily building located on Brighton Fourth Street in Brooklyn, NY. The loan features a rate of 3.00% and a 15-year term. Isaac Filler and Sam Shifer negotiated this transaction.
• A new mortgage in the amount of $2,400,000 on two multifamily buildings totaling 16 units located on Humboldt Street in Brooklyn, NY. The loan features a rate of 2.95% and a 10-year term. Isaac Filler and Sam Shifer negotiated this transaction.
• A new mortgage of $1,640,000 on a 22-unit, five-story multifamily building located on West 171st Street in New York, NY. The loan features a rate of 3.00% and a 15-year term. Morris Diamant and Tzvi Krieger negotiated this transaction.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Barry Swartz closed a permanent loan in the amount of $8,000,000 for two 5-story walk up apartment buildings containing a total of 20 units on East 1st Street in Manhattan.
• A construction loan in the amount of $12,300,000 was obtained by Barry Swartz for a to be built six story mixed use property containing 31 apartments and one store located on West 54th Street in Manhattan.
• Barry Swartz arranged for a permanent mortgage in the amount of 16,500,000 for four 6-story elevator apartment buildings containing a total of 92 units located on East 100th Street in Manhattan.
• Len Solinsky closed a construction loan in the amount of $1,580,000 for ground up construction of a three story walk up apartment building containing three units located on 47th Road in Long Island City.
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Eastern Union annnounced the following transactions:
• A $6,000,000 first lien mortgage for the refinance of a 99 unit multifamily property on Ocean Avenue in Brooklyn, NY. This transaction was arranged by Shaya Ackerman.
• A $4,000,000 first lien mortgage for a note purchase of a mixed use property on Ringwood Avenue in Wanaque, NJ. This transaction was arranged by David Betesh.
• A $2,425,000 first lien mortgage for the refinance of a 111,614 SF retail shopping center on Sudley Road in Manassas, VA. This transaction was arranged by Marc Tropp.
• A $1,525,000 first lien mortgage for the refinance of a mixed use property consisting of 8 residential units and 2 retail units on Manhattan Avenue in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $1,330,000 first lien mortgage for the refinance of a mixed use property with 9 residential units and 1 office on Pleasant Avenue in New York, NY. Thi•
A $1,200,000 first lien mortgage for the refinance of a 10 unit multifamily property on E. 120th street in New York, NY. This transaction was arranged by Meir Kessner.
• A $1,072,000 first lien mortgage for the refinance of a 16 unit multifamily property on E. Mt. Vernon in Baltimore, MD. This transaction was arranged by Marc Tropp.
• A $1,000,000 first lien mortgage for a 4,500 SF medical office building on Ocean Avenue in Brooklyn, NY. This transaction was arranged by Jeff Seidenfeld.
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GCP Capital Group LLC, arranged mortgage financing in the aggregate amount of $17,365,000 for the following properties:
• $5,000,000 for 2 five-story apartment buildings containing a total of 60 apartments and 2,400 square feet of retail space, located in the Bronx, New York. Adam Brostovski, principal, arranged the financing.
• $4,600,000 for a portfolio of three residential buildings containing a total of 18 apartments, located throughout Brooklyn, New York. Matthew Albano, senior broker, arranged the financing.
• $3,300,000 for two elevator apartment buildings containing a total of 56 apartments, located in the Bronx, New York. Paul Greenbaum, managing member, arranged the financing.
• $2,265,000 for a retail shopping center comprised of approximately 14,420 square feet, located in New Jersey. Michael Charnowitz, senior associate, arranged the financing.
• $2,200,000 for 2 five-story apartment buildings containing a total of 20 apartments, located on South Oxford Street in Brooklyn, New York. Matthew Classi arranged the financing.