GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $49,950,000 for the following properties:
• $32,500,000 for a newly developed, luxury residential rental building containing two four-story towers with 86 apartments, located in Island Park, Nassau County, New York. Matthew Classi, managing member of GCP, arranged the financing for this transaction.
• $7,650,000 for a five-story mixed-use building containing 26 apartments and 3,530 s/f of commercial space, located on West 179th Street in Manhattan. Adam Brostovski, managing member of GCP, arranged the financing for this transaction.
• $5,500,000 for a five-story multifamily apartment building containing 10 units, located in Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing for this transaction.
• $4,300,000 for a single-story townhouse apartment complex containing 60 units, located in Pleasant Valley, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for this transaction.
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Eastern Union Funding has arranged the following mortgages:
• A $17,062,000 first lien mortgage for the acquisition of a 192-unit multifamily property in Jacksonville, NC. This transaction was arranged by Marc Tropp and Judah Aderet.
• A $12,700,000 first lien mortgage for the acquisition of a 12-unit industrial property Sykesville, MD. This transaction was arranged by Marc Tropp.
• A $12,000,000 first lien mortgage for the refinance of a multifamily property Memphis, TN. This transaction was arranged by Ira Zlotowitz and Michael Wyne.
• A $5,700,000 first lien mortgage for the refinance of a multifamily property on in Brooklyn, NY. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.
• A $2,167,500 first lien mortgage for the acquisition of a 15-unit shopping center in Anderson, SC. This transaction was arranged by Marc Tropp.
• A $1,514,000 first lien mortgage for the acquisition of a 56-unit mixed-use property in Moore, OK. This transaction was arranged by Ira Zlotowitz and Michael Wyne.
• A $1,275,000 first lien mortgage for the acquisition of a shopping center on in Winston Salem, NC. This transaction was arranged by Alex Freund.
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Meridian Capital announced the following transactions:
• A new mortgage of $6,075,000 on a 7-unit multifamily property on Johnson Avenue in Brooklyn. The loan features a rate of 3.50% and a seven-year term. This transaction was negotiated by Morris Diamant and David Liechtung.
• A new mortgage of $5,650,000 on a 15-unit multifamily property located on West 151st Street, NY. The loan features a rate of 3.63% and a 10-year term. Eli Serebrowski and Jacob Schmuckler negotiated this transaction.
• A new mortgage of $4,950,000 on a multifamily property totaling six units located on Clay Street in Brooklyn, NY. The loan features a rate of 3.50% and a seven-year term. This transaction was negotiated by Morris Diamant and David Liechtung.
• A new mortgage of $3,680,000 on an eight-unit mixed-use property located on Avenue B in New York. The loan features a rate of 3.50% and a five-year term. Isaac Filler and Joseph Koschitzki negotiated this transaction.
• $2,500,000 of mortgage financing on a 13 unit multifamily proeprty located on Beach Road in Great Neck, NY. The loan features a rate of 3.75% and a five-year term. This transaction was negotiated by Isaac Filler and Joseph Koschitzki.
• A new mortgage in the amount of $1,650,000 on a nine-unit multifamily property located on 34th Street in Long Island City, NY. The loan features a rate of 3.75% and a 10-year term. David Oheb and Meir Schlusselberg negotiated this transaction.
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Hirschmark has announced the following transactions:
• $1,300,000 bridge loan secured by a multifamily building in Crown Heights, Brooklyn. The 18,000 s/f property has 16 rent stabilized apartments, all of which are rent stabilized. The borrower needed capital to acquire the property. This transaction was negotiated by Mark Levin.
• $2,000,000 bridge loan secured by two buildings in Bed-Stuy, Brooklyn. The properties have 11 apartments and one retail space, which totals roughly 10,000 s/f. The borrower needed capital to refinance existing loans. This transaction was negotiated by Igor Vaysberg.
• $1,000,000 bridge loan secured by a retail condo in Tribeca. The property is 2,000 s/f on the ground floor. The borrower needed capital for other business purposes. This transaction was negotiated by Jake Soodek.
• $3,000,000 bridge loan secured by a commercial building in East Elmhurst, Queens. The property is a corner building, with11,000 s/f, on a major thoroughfares. The borrower purchased the building for $4,750,000 and needed acquisition financing. This transaction was negotiated by Jake Soodek and Peter Cohen.
• $900,000 bridge loan secured by a mixed-use building inEast Williamsburg. The8,000 s/f property has six apartment and one retail space. The borrower needed capital to refinance and cash out for obtaining a final Certificate of Occupancy. This transaction was negotiated by Michael Fey.
• $1,500,000 bridge loan secured by a mixed-use building in Park Slope. The property has two apartments with two commercial spaces. The borrower purchased the building for $2,250,000 and required bridge financing due to a TOE closing. This transaction was negotiated by Jake Soodek.
• $2,300,000 bridge loan secured by a mixed-use building on the west side of Manhattan. The subject property has seven apartments, an office, and a commercial space, which totals roughly 8,000 s/f. The borrower needed capital to refinance and for other business purposes. This transaction was negotiated by Hirshmark’s Jake Soodek.
• $2,000,000 bridge loan secured by two buildings in Bushwick. The borrower is in the process of converting each building from a two-family to a six-family, totaling over 8,000 s/f. The borrower needed capital to refinance a maturing loan and cash out enough to finish the construction. This transaction was negotiated by Jake Soodek.
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Arbor Realty Trust financed a Fannie Mae Green Rewards DUS loan in Little Rock, AR. The property received $12.2M in funding through the program with a 12-year fixed interest rate. Jonathan Chaim o originated the loan. Featuring midtown and mountain top views, this gated multifamily residence was built in 2002. It includes gardens, a patio area and wooded surroundings.
