Real Estate Weekly
Image default
Deals & Dealmakers

TRANSACTIONS: GCP Capital Group arranges mortgage financing in the aggregate amount of $28,525,000

Eastern Union Funding announced the following transactions:

• A $20,750,000 first lien mortgage for the refinance of a 44-unit multifamily property in Brooklyn, NY. This transaction was arranged by Meir Kessner and David Eisen.

• A $16,416,500 first lien mortgage for the acquisition of a 180-unit multifamily property in Holyoke, MA. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $14,970,000 first lien mortgage for the acquisition of a 234-unit multifamily property in Clemmons, NC. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $9,000,000 first lien mortgage for the refinance of a 120-unit multifamily property in Dover, DE. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $8,625,000 first lien mortgage for the acquisition of an office building in Greenbelt, MD. This transaction was arranged by David Metzger, Moshe Feiner, Simcha Greenwald and Bernie Fried.

• A $4,560,000 first lien mortgage for the refinance of a 26-unit multifamily property in Elizabeth, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $4,350,000 first lien mortgage for the acquisition of a shopping cente in Rochester, PA. This transaction was arranged by Marc Tropp.

• A $3,745,000 first lien mortgage for the acquisition of a healthcare property in Nashville, TN. This transaction was arranged by Nachum Soroka.

• A $2,800,000 first lien mortgage for the refinance of a multifamily property in Brooklyn, NY. This transaction was arranged by Jay Tyberg.

• A $2,327,500 first lien mortgage for the acquisition of an office building property in Norristown, PA. This transaction was arranged by Meir Kessner.

• A $2,270,000 first lien mortgage for the acquisition of a 28-unit multifamily property in Elizabeth, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $2,000,000 first lien mortgage for the refinance of a 18-unit multifamily property in Elizabeth, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $1,520,000 first lien mortgage for the acquisition of a 18-unit multifamily property in Linden, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $1,254,000 first lien mortgage for the acquisition of a 11-unit mixed-use property in Plainfield, NJ. This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

• A $1,141,500 first lien mortgage for the acquisition of a 13-unit multifamily property in Irvington, NJ. This transaction was arranged by Jay Tyberg.

GCP Capital Group arranged mortgage financing in the aggregate amount of $28,525,000 for the following properties:

• $10,500,000 for a five-story mixed-use building containing 16 apartments and approx. 2,300 square feet of commercial space, located in Manhattan, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $9,500,000 for a two-story multifamily apartment building containing 62 units, located in Long Beach, Nassau County, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.

• $5,250,000 for the redevelopment of an existing 21,700 square foot lot into a 10-story condominium building with 90 residential units and 2 commercial units, located in Woodside, Queens, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for this transaction.

• $3,275,000 for a six-story multifamily apartment building containing 25 units and approx. 2,050 square feet of ground floor commercial space, located on Walton Avenue in the Bronx, New York. Adam Brostovski, Managing Member of GCP Capital Group, arranged the financing for this transaction.

•••

Meridian Capital announced the following transactions:

• A new mortgage of $7,500,000 was placed by Meridian on a multifamily property totaling 48 units located on Bainbridge Avenue in the Bronx, NY. The loan features a rate of 3.45% and a seven-year term. This transaction was negotiated by Morris Diamant and David Liechtung.

• A new mortgage in the amount of $6,500,000 on a three-unit mixed-use property located on Spring Street in New York, NY. The loan features a rate of 3.75% and a 10-year term. Eli Serebrowski and Jacob Schmuckler negotiated this transaction.

• A new mortgage of $3,525,000 was placed by Meridian on a multifamily property totaling 27 units located on Virginia Avenue in the Bronx, NY. The loan features a rate of 3.45% and a seven-year term. This transaction was negotiated by Morris Diamant and Tzvi Krieger.

• A new mortgage in the amount of $3,100,000 on a six-unit multifamily property located on Chauncey Street in Brooklyn, NY. The loan features a rate of 3.63% and a five-year term. David Bollag negotiated this transaction.

• A new mortgage of $1,250,000 was placed by Meridian on a multifamily property totaling 10 units located on West 85th Street in New York, NY. The loan features a rate of 3.75% and a five-year term. This transaction was negotiated by Israel Leiner and Sam Shifer.

• A new mortgage in the amount of $890,000 on a seven-unit multifamily property located on Dekalb Avenue in Brooklyn, NY. The loan features a rate of 3.75% and a five-year term. Judah Hammer and David Bollag negotiated this transaction.

(Visited 1 times, 1 visits today)

Related posts

Lightstone continues push into logistics sector with $34M buy

REW

Bio-tech company joins Industry City cohort

REW

KABR sells second NJ office building to Korean investors

REW