Eastern
Union Funding has announced the following
transactions:
- A $62,850,000 first lien mortgage for the refinance of a 70-unit
multifamily property in New York, NY. This transaction was arranged by David Eisen and Chaim Greenfeld.
- A $12,800,000 first lien mortgage for the refinance of a 112-unit
mixed-use property in Bronx, NY. This transaction was arranged by Ira Zlotowitz, Abraham Bergman and Michael Muller.
- A $10,800,000 first lien mortgage for the acquisition of a single unit industrial property in
Lebanon,NJ. This transaction was arranged
by Abraham Bergman.
- A $5,674,000 first lien mortgage for the refinance of a 56-unit
multifamily property in Bronx, NY. This transaction was arranged by Ira Zlotowitz, Abraham Bergman and Michael Muller.
- A $2,325,000 first lien mortgage for the refinance of a 8-unit
multifamily property in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
- A $2,200,000 first lien mortgage for the acquisition of a 177-unit mobile home property
in East Grand Forks, MN. This transaction
was arranged by Marc Tropp and Judah Aderet.
- A $2,135,000 first lien mortgage for the refinance of a 6-unit
multifamily property in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
- A $2,055,000 first lien mortgage for the refinance of a 6-unit
multifamily property o in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
- A $1,762,500 first lien mortgage for the refinance of a 6-unit
multifamily property in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
- A $1,600,000 first lien mortgage for the refinance of a single
unit shopping center in Fredericksburg,
VA. This transaction was arranged by Marc
Tropp and
Ben Alpert.
•••
GCP
Capital Group LLC has arranged and announced the following
mortgage transactions:
- A $37,650,000 mortgage for
an 11-story plus penthouse multifamily apartment building containing 159 units,
located in the Crown Heights section of Brooklyn, New York. Adam Brostovski, Managing Member of GCP
Capital Group, arranged the financing for this transaction.
- A $15,825,000 for a six-story
mixed-use building containing 59 apartments and 7,000 square feet of commercial
space, located in the Upper East Side of Manhattan, New York. Paul Greenbaum, Managing Member of GCP
Capital Group, arranged the financing for this transaction.
- A $10,500,000 for a
six-story mixed-use building containing 56 units and approx. 4,500 square feet
of commercial space, located in the Washington Heights section of Manhattan,
New York. Stephen Katz, Managing Director
of GCP Capital Group, arranged the financing for this transaction.
- A $6,500,000 for a four-story
mixed-use building containing 6 apartments and approx. 14,750 square feet of
commercial space, located on West 139th Street in Manhattan, New
York. Matthew Classi, Managing Member
of GCP Capital Group, arranged the financing for this transaction.
•••
Hirshmark Capital, through an affiliate entity, is proud to announce the
following bridge loan:
- A funding
of a $1,500,000 bridge loan secured by a development site in the Williamsburg
neighborhood of Brooklyn. The subject property has 6,750 BSF and is two blocks
from the L-train as well as Apple, Equinox, Chase Bank, etc. The borrower
needed financing for other business purposes. This is yet another example of
our aggressive appetite in providing short term bridge financing in a time
sensitive manner. This transaction was negotiated by Hirshmark’s Michael Fey.
•••
W Financial has provided the following bridge loans which were handled by Jarret Schochet, David Heiden, Andrew
Singer, and TJ Randall:
- A
$1,300,000 bridge loan for the acquisition of a cash-flowing multi-family
property located on Main Street in Kansas City, Missouri. The borrower plans to
renovate apartments as the leases come due and to increase rents thereafter. W
Financial expects to be repaid when the borrower obtains a conventional loan
once the property is stabilized.
- A
$2,200,000 first mortgage loan secured by a development site located on
Louisville Road in Savannah, Georgia. The total loan amount was $4,700,000 and
there was a $2,500,000 mezzanine loan placed subordinate to our first mortgage.
The borrower intends to finish his construction plans and then refinance W’s
bridge loan with a traditional construction loan.
- A
$3,600,000 bridge loan secured by three walk-up properties located in Brooklyn.
Our collateral includes a four-story, mixed-use building on Lafayette Avenue in
Fort Greene, a three-story multifamily building on Schenectady Avenue in Crown
Heights, and a four-story mixed-use building located on Pitkin Avenue in
Brownsville. The borrower is a long-time, repeat client of W Financial and
needed to refinance existing loans that were maturing. The borrower plans to
refinance W Financial with a conventional loan.
•••
Meridian Capital announced the
following transactions:
- A
new mortgage of $12,500,000 was placed by Meridian on a cooperative property totaling
350 units located on Bennett Avenue in New York, NY. The loan features a rate
of 2.80% and a 10-year term. This transaction was negotiated by Steve Geller and Nicoletta M. Pagnotta.
- A new
mortgage in the amount of $9,400,000 on a 58-unit cooperative property located
on Gracie Square in New York, NY. The loan features a rate of 3.15% and a
10-year term. Steve Geller and Nicoletta M. Pagnotta, negotiated this
transaction.
- A
new mortgage of $4,700,000 was placed by Meridian on a multifamily property
totaling 14 units located on 18th Street in Astoria, NY. The loan features a
rate of 3.34% and a seven-year term. This transaction was negotiated by David Steinmetz and Joseph Akerman.
- A new
mortgage in the amount of $4,500,000 on a 92-unit cooperative property located
on East 73rd Street in New York, NY. The loan features a rate of 3.23% and a
10-year term. Steve Geller and Avi Geller negotiated this transaction.
- A
new mortgage of $1,700,000 was placed on a multifamily property totaling 27
units located on Decatur Avenue in the Bronx, NY. The loan features a rate of
3.30% and a seven-year term. This transaction was negotiated by Simon Rosenfeld and Craig Berger.
- A new
mortgage in the amount of $1,325,000 on a 16-unit multifamily property located
on Third Avenue in New York, NY. The loan features a rate of 3.25% and a
five-year term. Sam Shifer and Israel Leiner negotiated this
transaction.
•••
Uber Capital Group has announced the following
transactions:
- A $7,900,000 refinancing loan for a shopping center located in Marietta, Georgia. Jonathan Livi, Debt & Equity Oginator at UGC, represented the borrower, a private real estate investor based in Georgia; and Nathan Kashizadeh, also a Debt & Equity Originator at UCG, represented the lender, a CMBS financing provider based in California.
