Meridian Capital announced the following transactions:
• A new mortgage of $4,160,000 was placed on a 42-unit multifamily property located on Castleton Avenue in Staten Island, NY. The loan features a rate of 3.125% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
• A new mortgage in the amount of $8,500,000 on a retail property totaling 127,000 square feet located on Ramapo Valley Road in Oakland, NJ. The loan features a rate of 3.50% and a seven-year term. Max Beyderman and Michael Salamon negotiated this transaction.
• New mortgages totaling $6,100,000 were placed on two multifamily properties composed of 86 units located on Davidson Avenue and Decatur Avenue in the Bronx, NY. The loans feature rates of 3.15% and five-year terms. These transactions were negotiated by Michael Kesselman and Kerry Brick.
• A new mortgage in the amount of $3,800,000 on a four-story, 27-unit multifamily property located on 80th Street in Queens, NY. The loan features a rate of 3.125% and a five-year term. Joseph Taub and Eric Chapek negotiated this transaction.
• A new mortgage of $2,310,000 was placed by Meridian on a 34-unit multifamily property located on Ocean Avenue in Jersey City, NJ. The loan features a rate of 3.50% and a seven-year term. This transaction was negotiated by Simon Rosenfeld and Jacob Salzberg.
• A new mortgage in the amount of $1,100,000 on a nine-unit multifamily property located on East 179th Street in the Bronx, NY. The loan features a rate of 3.35% and a five-year term. Morris Diamant and Mark Brachfeld negotiated this transaction.
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Emerald Creek Capital LLC provided seven loans totaling over $36,000,000 for the following transactions:
• A $15,000,000 acquisition loan in the Williamsburg neighborhood of Brooklyn, NY. The loan is secured by three adjacent lots with a total land area of 21,000 s/f. The buyer plans to redevelop the site with a 200-unit student housing facility. The loan was originated by Mark Bahiri.
• An $8,000,000 acquisition loan in the Kips Bay neighborhood of Manhattan, NY. The loan is secured by three mixed-use buildings totaling 12,500 SF. The loan was originated by Matt Fantuzzi.
• A $3,900,000 acquisition loan in North Charleston, SC. The loan is secured by a 54,000 SF office building. The loan was originated by Mike Cleaver.
• A $3,200,000 cash out refinance in the Midtown neighborhood of Manhattan, NY. The loan is secured by a 3,100 SF duplex condominium situated on the 66th and 67th floors of a 68-story residential skyscraper. The loan was originated by Jeff Seidler.
• A $2,300,000 loan in the SoHo neighborhood of Manhattan, NY. The loan is secured by two 3,400 SF residential units. The loan was originated by Mark Bahiri.
• A $1,940,000 loan in the Bedford-Stuyvesant and Crown Heights neighborhoods of Brooklyn, NY. The loan is secured by a four-story, 3,700 SF townhome in Bedford-Stuyvesant and a two-family townhome in Crown Heights. The loan was originated by Matt Fantuzzi.
• A $1,700,000 loan in the Bedford-Stuyvesant neighborhood of Brooklyn, NY and Southampton, NY. The loan is secured by a three-story townhouse of approximately 3,600 SF in Bedford-Stuyvesant and a residentially zoned 0.74 acre land parcel in Southampton. The loan was originated by Matt Fantuzzi.
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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $44,440,500 for the following properties:
• $26,180,500 for a portfolio of 9 four-story multifamily apartment buildings containing a total of 203 units and 1 commercial space, located throughout the Crown Heights neighborhood of Brooklyn, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this portfolio.
• $10,000,000 combined financing for three individual multi-tenanted office buildings comprised of approximately 143,740 aggregate square feet, located in the Yonkers, New Rochelle and Peekskill areas of New York. Adam Brostovski arranged the financing.
• $4,250,000 for a six-story multifamily apartment building containing 36 units, located on West 158th Street in Manhattan. Louis Perlmutter, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
• $2,310,000 combined financing for 3 three-story multifamily apartment buildings containing a total of 38 units, located in Newark, New Jersey. Stephen Katz, Senior Associate of GCP Capital Group, arranged the financing for these transactions.
• $1,700,000 for a four-story multifamily apartment building containing 10 units, located on South Oxford Street in Brooklyn, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
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Eastern Union Funding announce the following transactions:
• A $7,500,000 first lien mortgage for the refinance of a 10-unit multi-family on Park Ave. in Brooklyn, NY. This transaction was arranged by Meir Kessner and David Eisen.
A $6,500,000 first lien mortgage for the refinance of a 3-unit shopping center on Connecticut Ave. NW in Washington, DC. This transaction was arranged by Shai Romirowsky and Marc Tropp.
A $5,245,000 first lien mortgage for the acquisition loan of a 20-unit mixed-use on 29th Ave. in Astoria, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
A $5,000,000 first lien mortgage for the refinance of a 112-unit multi-family on St Johns Pl. in Brooklyn, NY. This transaction was arranged by Aaron Zlotowitz.
A $4,060,000 first lien mortgage for the refinance of a 66-unit multi-family on East Mt. Airy Ave. in Philadelphia, PA. This transaction was arranged by David Metzger and Nate Hyman.
A $3,600,000 first lien mortgage for the refinance of a 24-unit mixed-use on Kelly Pkwy in Bayonne, NJ. This transaction was arranged by Ira Zlotowitz and Michael Muller.
A $3,535,000 first lien mortgage for the acquisition loan of a 71-unit mixed-use on Charter Oak Pl. in Hartford, CT. This transaction was arranged by Marc Belsky.
A $3,165,000 first lien mortgage for the refinance of an 8-unit multi-family on 23rd St. in Long Island City, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
A $3,000,000 first lien mortgage for the refinance of a 3-unit mixed-use on Union St. in Brooklyn, NY. This transaction was arranged by David Eisen and Josh Horowitz.
A $3,000,000 first lien mortgage for the refinance of a 44-unit mixed-use on Ocean Ave. in Brooklyn, NY. This transaction was arranged by Ira Zlotowitz.
A $2,950,000 first lien mortgage for the refinance of a 6-unit multi-family on Seneca Ave. in Ridgewood, NY. This transaction was arranged by Nate Hyman and David Metzger.
A $2,730,000 first lien mortgage for the refinance of an 8-unit mixed-use on Bushwick Ave. in Brooklyn, NY. This transaction was arranged by Jay Tyberg.
A $2,542,500 first lien mortgage for the acquisition loan of a 6-unit multi-family in Hempstead, NY. This transaction was arranged by Jeffrey Seidenfeld.
A $2,000,000 first lien mortgage for the acquisition loan of a land property on 22nd St. in Brooklyn, NY. This transaction was arranged by Peter Blass.
A $1,995,000 first lien mortgage for the refinance of a 6-unit multi-family on Java St. in Brooklyn, NY. This transaction was arranged by Meir Kessner.
A $1,000,000 first lien mortgage for the refinance of an 8-unit multi-family on Lincoln Pl. in Brooklyn, NY. This transaction was arranged by James Hurtig and Motti Blau.
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Hirshmark Capital announced the following transactions:
• Funding of a bridge/renovation loan secured a multifamily building in the East Harlem neighborhood of Manhattan. The property is a four-story, brick building, containing 7 units. The property is situated just a few blocks from major subway lines and the 125th St Metro North train station. The borrower needed capital to renovate and remediate certain ECB/DOB issues.
• $3.2 million bridge loan secured by secured by two mixed-use properties in Prospect Heights and one retail strip in East Flatbush, Brooklyn. The Prospect Heights properties are all three-stories, with one vacant. The East Flatbush retail strip consists of five stores, situated at a major intersection. In total, the loan is secured by roughly 13,000 s/f of real estate; 9,000 s/f of commercial space and 4,000 s/f of residential between four apartments. This transaction was negotiated by Jacob Gauptman.
• $1.5 million bridge loan secured by a 5,849 square foot, four-story building, containing four residential units and three commercial units in Williamsburg. This transaction was negotiated by Michael Fuller.
• $1.05 million bridge loan secured by a 11,000 square foot, one-story building, with one commercial unit, in Jamaica, Queens and 2,200 square foot, two story building containing two residential units in the Woodhaven neighborhood of Queens. This transaction was negotiated by Hirshmark Capital’s Managing Director Igor Vaysberg.
• $875,000 bridge loan secured by three properties in Fort Greene and Prospect Heights, Brooklyn. The 8,000 square foot properties are a mix of residential and commercial units. This transaction was negotiated by Michael Fuller.
• $500,000 bridge loan secured by a 3,800 square foot, three-story building, with seven residential units in East Harlem. This transaction was negotiated by Igor Vaysberg.
