Meridian Capital announced the following transactions:
• A new mortgage in the amount of $13,000,000 on a 242-unit cooperative property located on East 72nd Street in New York, NY. The loan features a rate of 2.99% and a 10-year term. Avi Geller and Nicoletta M. Pagnotta negotiated this transaction.
• A new $5,000,000 mortgage on a 48-unit multifamily property located on 99th Street in the Flushing, NY. The loan features a rate of 3.40% and a seven-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
• A new mortgage of $2,800,000 was placed on a cooperative property totaling 32 units located on East 82nd Street in New York, NY. The loan features a rate of 3.23% and a 10-year term. This transaction was negotiated by Avi Geller and Nicoletta M. Pagnotta.
• A new mortgage in the amount of $2,750,000 on a 19-unit multifamily property located on East 25th Street in New York, NY. The loan features a rate of 3.38% and a five-year term. Judah Hammer and Jared Kaufman negotiated this transaction.
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W Financial has provided the following bridge loans which were handled by Jarret Schochet, David Heiden, Andrew Singer and TJ Randall:
• A $6,750,000 bridge loan secured by a mixed-use property located in the West 30’s in Midtown Manhattan. The borrower required the loan proceeds in order to facilitate another acquisition expeditiously. The borrower plans to lease up the remaining vacant units at which time he expects to refinance W Financial’s bridge loan with a conventional bank loan.
• A $4,500,000 bridge loan secured by a commercial property located on Brighton Beach Avenue, in the Brighton Beach neighborhood of Brooklyn. The borrower needed a bridge loan to facilitate the acquisition of the property. The subject property was previously owner-occupied and being run as a catering hall with a bakery in the basement. Once vacated, the borrower will renovate the space as retail, and then once leased, he plans to refinance with conventional financing.
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Eastern Union Funding announced the following transactions:
• A $1,725,000 first lien mortgage for the refinance of a 6-unit multifamily property in Brooklyn, NY. This transaction was arranged by Abraham Bergman and Eli Schwartz.
• A $700,000 first lien mortgage for the refinance of a 5-unit mixed-use property in Union City, NJ. This transaction was arranged by Isaac Sternhill.
• A $2,024,000 first lien mortgage for the refinance of an 8-unit multifamily property in Jamaica, NY. This transaction was arranged by Motti Blau, Isaac Weiss, and Mendy Pfeifer.
• A $7,000,000 first lien mortgage for the refinance of a 150-unit multifamily property in Paulsboro, NJ. This transaction was arranged by Abraham Bergman and Michael Muller.
• A $2,000,000 first lien mortgage for the refinance of a 4-unit industrial property in Trenton, NJ. This transaction was arranged by Judah Aderet.
• A $4,350,000 first lien mortgage for the refinance of a 146-unit multifamily property in Jackson, MS. This transaction was arranged by Motti Blau and Mendy Pfeifer.
• A $937,500 first lien mortgage for the refinance of a 6-unit multifamily property in Philadelphia, PA. This transaction was arranged by Moti Amsel.
• A $6,200,000 first lien mortgage for the refinance of an 8-unit multifamily property in Brooklyn, NY. This transaction was arranged by Abraham Bergman, Eli Schwartz, and Meir Kessner.
• A $5,650,000 first lien mortgage for the refinance of a 48-unit multifamily property in Brooklyn, NY. This transaction was arranged by Jack Beida and Michael Muller.
• A $3,120,000 first lien mortgage for the refinance of an 8-unit multifamily property in Brooklyn, NY. This transaction was arranged by Jay Tyberg.
• A $4,700,000 first lien mortgage for the acquisition of a 23-unit multifamily property in Brooklyn, NY. This transaction was arranged by David Metzger, Moshe Feiner, and Bernie Fried.
• A $16,011,500 first lien mortgage for the acquisition of a 33-unit multifamily property in Hartford, CT. This transaction was arranged by Motti Blau, Mendy Pfeifer, and Hershy Fried.
• A $8,700,000 first lien mortgage for the refinance of a 108-unit multifamily property in Wilmington, DE. This transaction was arranged by Meir Kessner.
• A $4,500,000 first lien mortgage for the refinance of a single-unit industrial property in Hillside, NJ. This transaction was arranged by Meir Kessner.
• A $4,200,000 first lien mortgage for the refinance of a 12-unit mixed-use property in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz and Michael Muller.
• A $2,775,000 first lien mortgage for the refinance of a 4-unit multifamily property in Bronx, NY. This transaction was arranged by David Metzger, Moshe Feiner, and Bernie Fried.
• A $14,675,000 first lien mortgage for the acquisition of a 108-unit multifamily property in Orange, NJ. This transaction was arranged by David Metzger, Moshe Feiner, and Bernie Fried.
• A $4,725,000 first lien mortgage for the acquisition of a 38-unit multifamily property in Bradley Beach, NJ. This transaction was arranged by Michael Muller and Jack Beida.
• A $1,746,737 first lien mortgage for the refinance of a 5-unit retail / shopping property in Feasterville Trevose, PA. This transaction was arranged by Abraham Bergman and Meir Kessner.
• A $900,000 first lien mortgage for the refinance of an 8-unit multifamily property in Hamden, CT. This transaction was arranged by Motti Blau, Mendy Pfeifer, and Hershy Fried.
• A $700,000 first lien mortgage for the refinance of a 10-unit multifamily property in Hartford, CT. This transaction was arranged by Motti Blau, Mendy Pfeifer, and Hershy Fried.
• A $862,000 first lien mortgage for the refinance of a 12-unit multifamily property in Hartford, CT. This transaction was arranged by Motti Blau, Mendy Pfeifer, and Hershy Fried.
• A $4,685,000 first lien mortgage for the acquisition of an 88-unit multifamily property in Huntsville, AL. This transaction was arranged by Ira Zlotowitz and Boruch Mandel.
• A $1,050,000 first lien mortgage for the acquisition of a 6-unit multifamily property in Jersey City, NJ. This transaction was arranged by Jack Beida and Michael Muller.
• A $19,750,000 first lien mortgage for the refinance of a hotel property in Long Island City, NY. This transaction was arranged by Motti Blau, Isaac Weiss, and Mendy Pfeifer.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $76,280,000 for the following properties:
• $33,000,000 for a three-story office building comprised of approx. 197,600 square feet, located in Suffern, New York. Paul Greenbaum arranged the financing.
• $19,450,000 combined financing for 7 multifamily apartment buildings containing a total of 156 units and 5 commercial units, located throughout the Bronx, Queens and Manhattan. Matthew Classi arranged the financing for these transactions.
• $12,330,000 combined financing for two four-story multifamily apartment buildings containing a total of 82 units and 6 commercial units, located in the Homecrest and Kensington neighborhoods of Brooklyn, New York. Michael Charnowitz arranged the financing.
• $11,500,000 for a six-story multifamily apartment building containing 43 units, located on West 157th Street in Manhattan. Adam Brostovski arranged the financing for this transaction.
