Arbor Realty Trust, a multifamily and commercial mortgage lender, recently funded a Fannie Mae Dus Loan in Tucker, GA. Pinewood Townhomes, a 98-unit multifamily property, received $12.8M in acquisition funding through the transaction. The hybrid loan provides a five year, fixed-rate term.
Robert Mendeles of Arbor’s Englewood Cliffs office originated the loan.
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CV Capital Funding has announced the closing of a $985,000 first mortgage refinance loan on a two-family property in Brooklyn, NY.
CV Capital Funding has also also funded a $2,500,000 first mortgage renovation loan on a 4-unit condominium building in Brooklyn, NY.
Both loans were arranged by Anthony Iervolino.
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GCP Capital Group, a commercial real estate finance company, has arranged mortgage financing in the aggregate amount of $36,820,000 for the following properties:
• $24,000,000 combined financing for two six-story apartment buildings containing a total of 52 units on St. Nicholas Avenue in Manhattan. Adam Brostovski, principal of GCP, arranged the financing for these transactions.
• $7,500,000 for a 120,000 s/f luxury health and fitness complex, located in the Gravesend neighborhood of Brooklyn. Matthew Albano, managing director of GCP, arranged the financing for this transaction.
• $2,820,000 for a four-story multifamily apartment building containing 20 units and 1,550 s/f of commercial space, located on St. Johns Place in Brooklyn. Stephen Katz, managing director of GCP, arranged the financing for this transaction.
• $2,500,000 for a one-story, single tenant commercial building of approximately 1,900 s/f, located in Rahway, New Jersey. Paul Greenbaum, managing member of GCP, arranged the financing for this transaction.
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HKS Real Estate Advisors closed the following:
• A $20 million, 10-year full term interest-only refinance of two commercial condos in Queens totaling 23,507 rentable s/f with a rate fixed at 3.9 percent. Michael Lee negotiated the transaction.
• A $7.7 million bridge loan for a vacant mixed-use property in Brooklyn. John Harrington negotiated the transaction.
• A $4.5 million refinance of a six-story, 12,915 s/f, mixed-use building in Manhattan comprised of two commercial units and 21 residential units. Charles Yellen negotiated the transaction.
• A $3.75 million acquisition loan for the purchase of a 23,536 s/f site in Queens currently leased to two retail tenants. Michael Lee negotiated the transaction.
• A $2.1 million construction loan for the ground up development of four contiguous two-story for sale townhomes in Fort Lauderdale, Fl. Max Ralby negotiated the transaction.
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Lancewood Capital has provided a bridge loan to finance 529-531 Maple St, a 20,000 s/f newly renovated condo building in Lefferts Gardens neighborhood of Brooklyn, NY. The borrower needed to quickly refinance in order to pull out equity for a time sensitive investment opportunity. This transaction was arranged by Justin Godner.
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Dansker Capital Group at Marcus & Millichap announced the following transactions:
• A $6,600,000 acquisition loan was arranged for a 20-unit multifamily building in Yorkville. The financing was arranged by Andy Weiss and Andrew Dansker.
• A $6,375,000 acquisition loan was arranged for a 42-unit luxury apartment complex in Delray Beach, Florida.
• A $6,000,000 acquisition loan was arranged for a portfolio of mobile park homes in Fort Lauderdale and Oakland Park, Florida.
• A $2,200,000 acquisition loan was arranged for eight luxury townhomes in Palm Beach Gardens, Florida.
The financing for this deal and the others in Florida by Marcus & Millichap was arranged by Andrew Dansker.
• A $4,500,000 second mortgage was arranged for a 67-unit multifamily building in the Kingsbridge Heights neighborhood of the Bronx.The financing was arranged by Andrew Dansker.
• A $3,000,000 acquisition loan was arranged for 4 townhomes in the Bushwick neighborhood of Brooklyn. The financing was arranged by Andrew Dansker.
• A $1,500,000 acquisition loan was arranged for a 5-story multifamily building in Harlem. The financing was arranged by Andrew Marcus and Andrew Dansker.
• A $1,500,000 loan was arranged for a 5-story mixed-use property located in the Upper East Side of Manhattan. The financing was arranged by Andy Weiss and Andrew Dansker.
• A $1,500,000 acquisition loan was arranged for a three-story multifamily property in the Park Slope neighborhood of Brooklyn. The financing was arranged by Andrew Dansker.
• A $725,000 acquisition loan was arranged for a 5-unit, mixed-use property in Beacon, NY. The financing was arranged by Andy Weiss and Andrew Dansker.
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Meridian Capital Group has announced financing has been arranged for the following transactions:
• A new mortgage of $4,500,000 was placed on a cooperative property totaling 83 units located on Gramercy Park North in Manhattan. The loan features a rate of 3.75 percent and a 10-year term. This transaction was negotiated by Steve Geller and Nicoletta M. Pagnotta.
• A new mortgage in the amount of $3,950,000 has been placed on a 20-unit multifamily property located on East 23rd Street in Brooklyn, NY. The loan features a rate of 3.50 percent and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
• A new mortgage of $3,200,000 was placed by Meridian on a multifamily property totaling 23 units located on East 179th Street in the Bronx. The loan features a rate of 3.55 percent and a five-year term. This transaction was negotiated by Shamir Seidman and Shlomo Weissberg.
• Meridian placed a new mortgage in the amount of $2,500,000 on a 20-unit multifamily property located on East 82nd Street in Manhattan. The loan features a rate of 3.75 percent and a seven-year term. Charles Grussgott and Michael Helmreich negotiated this transaction.
• A new mortgage of $2,000,000 was placed on a cooperative property totaling 60 units located on Columbia Heights in Brooklyn. The loan features a rate of 3.75 percent and a seven-year term. This transaction was negotiated by Steve Geller and Nicoletta M. Pagnotta.
• A new mortgage in the amount of $1,350,000 has been placed on a six-unit multifamily property located on East 31st Street in Brooklyn. The loan features a rate of 3.74 percent and a five-year term. David Hayum and Luke Hingson negotiated this transaction.
