Eastern Union Funding announced the following transactions:
• A $14,861,000 first lien mortgage for the acquisition of a 144-unit multifamily on Hampden Blvd in Reading, PA. This transaction was arranged by David Metzger.
A $ 2,700,000 first lien mortgage for the refinance of a multifamily property on Linden Street, Brooklyn. Isaac Weiss arranged the transaction.
• A $ 1,750,000 first lien mortgage for the refinance of a 24-unit mixed-use on 40th St. in Brooklyn. This transaction was arranged by Jay Tyberg.
• A $ 1,700,000 first lien mortgage for the refinance of a multifamily property on Halsey St., Brooklyn. This transaction was arranged by Bernie Fried and David Metzger.
• A $ 1,000,000 first lien mortgage for the refinance of a retail property on Roosevelt Ave. in Corona, NY. This transaction was arranged by Moshe Lipschitz.
***
GCP Capital Group arranged mortgage financing in the aggregate amount of $56,925,000 for the following properties:
• $30,350,000 for a 27-story, 264-unit multifamily building in Yonkers. Paul Greenbaum arranged the financing.
• $17,975,000 for a 107-unit, six-story multifamily building in the Gravesend neighborhood of Brooklyn. Stephen Katz arranged the financing.
• $4,500,000 for a 60-unit four-story multifamily building in New Haven, CT. Adam Brostovski arranged the financing.
•••
Meridian Capital announced the following transactions:
• $2,400,000 on an 8-unit multifamily property on East 6th Street. The loan features a rate of 3.875% and a five-year term. This transaction was negotiated by Michael Ryback and Meir Schlusselberg.
• Two new mortgages of $1,800,000 on two 24-unit multifamily properties on West 47th Street. The loans feature rates of 3.75% and five-year terms. Isaac Filler negotiated these transactions.
• $7,000,000 originated on an 18-unit multifamily property on Claremont Parkway in the Bronx, NY. The loan features a rate of 4.02% and a five-year term. This transaction was negotiated by David Bollag.
• A new mortgage of $4,000,000 on a nine-unit multifamily property on West 82nd Street. The loan features a rate of 4.00% and a five-year term. Bryan Geffen negotiated this transaction.
