TRANSACTIONS: GCP arranges $14.8M UWS financing, Meridian secures $10M Bronx laon

Arbor Realty Trust announced that it funded the following loans:

• A $2.8 million bridge loan for Autumn Run Apartments, a 91-unit multifamily property, in Oklahoma City, OK. Austin Walker of Arbor’s New York City office originated the loan.
• A Fannie Mae DUS loan in Philadelphia, PA. 1155 South 15th Street, a 39-unit multifamily property, received $6.4 million in funding through the program. The deal includes a seven-year fixed rate with two years interest only terms. Jared Stein of Arbor’s New York City office originated the loans. The deal provided a cash-out refinance on a newly constructed multifamily property. Built in 2018, theluxury building is located next to public transportation and shops in Philadelphia’s Point Breeze neighborhood.

•••

Dansker Realty Capital provided a $1,700,000 bridge loan for the refinance of a multi-family property on West 135th Street, in Manhattan. The owner wanted to pay off a maturing savings bank first mortgage with financing that was more flexible if he decided to sell his property. The transaction was arranged by Lowell Dansker, principal.

•••

Eastern Union Funding announced the following transactions:

• A $2,027,5000 first lien mortgage for the refinance of a 200-unit multifamily property in Waukee, IA. This transaction was arranged by Jeffrey Seidenfeld.
• A $1,816,3000 first lien mortgage for the acquisition of a 173-unit multifamily property in Philadelphia, PA. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $9,400,000 first lien mortgage for the acquisition of a 225-unit multifamily property Amarillo, TX. This transaction was arranged by Boruch Mandel and Michael Wyne.
• A $6,565,000 first lien mortgage for the refinance of a 452-unit multifamily property in Voorhees, NJ. This transaction was arranged by David Metzger.
• A $4,083,000 first lien mortgage for the acquisition of a multifamily property in Baltimore, MD. This transaction was arranged by Marc Tropp and David Merkin.
• A $3,206,250 first lien mortgage for the acquisition of a mobile home park Stephenville, TX. This transaction was arranged by Marc Tropp, Judah Aderet and Barry Dollman.
• A $2,900,000 first lien mortgage for the acquisition of a 9-unit mixed-use property in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz and Michael Muller.
• A $2,000,000 first lien mortgage for the refinance of a mixed-use property in Bronx, NY. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $1,260,000 first lien mortgage for the refinance of a 6-unit mixed-use property in Jersey City, NJ. This transaction was arranged by Jay Tyberg.
• A $1,000,000 first lien mortgage for the refinance of a shopping center in Atlanta, GA. This transaction was arranged by Chaim Gerstel.

•••

Emerald Creek Capital provided a $4,500,000 refinance in the Liberty Heights neighborhood of Springfield, MA. The loan is secured by a 14,820 square foot free-standing retail building currently leased to Walgreens. Financing was originated by ECC Managing Director Jeff Seidler.

•••

GCP Capital Group arranged mortgage financing in the aggregate amount of $53,830,000 for the following properties:

• $16,000,000 for a six-story multifamily apartment building containing 44 units and 6,500 s/f of commercial space, located in the Washington Heights section of Manhattan, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $14,880,000 for a portfolio of four multifamily apartment buildings containing a total of 129 units, located on the Upper West Side of Manhattan, New York. Michael Charnowitz, Managing Director of GCP Capital Group, arranged the financing for this transaction.
• $12,000,000 for two Class A four-story office buildings comprised of approximately 130,800 rentable square feet, located in Hauppauge, Suffolk County, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $10,950,000 for a six-story multifamily apartment building containing 66 units, located in the Midwood section of Brooklyn, New York. Stephen Katz, Managing Director of GCP Capital Group, arranged the financing for this transaction.

•••

NorthMarq announced that Robert Ranieri, senior vice president/managing director of the White Plains regional office, secured acquisition financing of $2.73 million for Liberty Center Plaza, a 80,846 s/f retail property located at Route 5 & 20 in Seneca Falls, New York. The transaction was structured with a 7-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed rate loan for the borrower through its correspondent relationship with a life insurance company. The property’s major tenants include Tractor Supply Company and The Salvation Army.

•••

Meridian Capital announced the following transactions:

• A new mortgage of $10,000,000 on a multifamily property totaling 61 units located on Pelham Parkway South in the Bronx, NY.The loan features a rate of 3.90% and a 10-year term. This transaction was negotiated by Jeff Weinberg.
• A new mortgage in the amount of $8,500,000 on a 53-unit multifamily property located on Pelham Parkway North in the Bronx, NY. The loan features a rate of 3.90% and a 10-year term. Jeff Weinberg negotiated this transaction.
• A new mortgage of $6,600,000 on a multifamily property totaling 16 units located on Grand Avenue in the Bronx, NY. The loan features a rate of 4.00% and a five-year term. This transaction was negotiated by Isaac Filler.
• A new mortgage in the amount of $4,500,000 on a 14-unit multifamily property located on Seneca Avenue in Ridgewood, NY. The loan features a rate of 4.00% and a 10-year term. Eli Serebrowski negotiated this transaction.
• A new mortgage of $4,000,000 on a multifamily property totaling nine units located on Bergen Street in Brooklyn, NY. The loan features a rate of 4.00% and a five-year term. This transaction was negotiated by Mark Brachfeld.
• A new mortgage in the amount of $1,500,000 on a 48-unit multifamily property located on Avenue J in Brooklyn, NY. The loan features a rate of 4.00% and a five-year term. Jacob Schmuckler negotiated this transaction.