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Debt & Equity

Transactions: GCP Capital’s $27.6M in financing, Eastern Union’s NY, NJ mortgages

Meridian Capital announced the following transactions:

  • A new mortgage of $31,500,000 was placed on a nine-story, 66-unit mixed-use property with 11,150 square feet of retail space located on West 14th Street in New York, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Avi Weinstock and Chaim Tessler.
  • Photo courtesy of Flickr
    Photo courtesy of Flickr

    A new mortgage in the amount of $6,750,000 on a six-story, 39-unit multifamily property located on St. Nicholas Avenue in New York, NY. The loan features a rate of 3.25% and a five-year term. Avi Weinstock and Michael Farkovits negotiated this transaction.

  • New mortgages totaling $5,800,000 were placed on two multifamily properties comprised of 39 units located on 29th Street and 47th Avenue in Queens, NY. The loans feature rates of 3.25% and five-year terms. These transactions were negotiated by Morris Diamant and Joseph Akerman.
  • A new mortgage in the amount of $4,100,000 on a five-story, 42-unit multifamily property located on Creston Avenue in the Bronx, NY. The loan features a rate of 3.125% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
  • A new mortgage of $1,800,000 was placed on a four-story, four-unit multifamily property located on Bedford Avenue in Brooklyn, NY. The loan features a rate of 3.125% and a five-year term. This transaction was negotiated by Morris Diamant and Joseph Akerman.
  • A new mortgage in the amount of $1,000,000 on a 125-unit cooperative property located on 18th Avenue in Queens, NY. The loan features a rate of 3.25% and a 15-year term. Steve Geller and Nicoletta M. Pagnotta negotiated this transaction.

•••

GCP Capital Group  has arranged mortgage financing in the aggregate amount of $27,675,000 for the following properties:

  • $13,375,000 for a five-story multifamily apartment building containing 95 apartments, located on Sickles Street in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
  • $6,500,000 for a five-story multifamily apartment building containing 53 apartments, located on Sickles Street in Manhattan, New York. Adam Brostovski arranged the financing.
  • $3,500,000 for a four-story multifamily apartment building containing 16 apartments, located on St. Johns Place in Brooklyn, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
  • A third mortgage in the amount of $2,800,000 for a three-story Class A office building comprised of approx. 227,600 gross square feet, located in Suffern, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
  • $1,500,000 combined financing for a four-story apartment building containing 7 apartments and a three-story apartment building containing 7 apartments, located in the Carroll Gardens and Park Slope neighborhoods of Brooklyn, New York. Stephen Katz, Senior Associate of GCP Capital Group, arranged the financing for these transactions.

•••

Eastern Union Funding arranged the following transactions:

  • A $6,200,000 first lien mortgage for the refinance of a 57-unit mixed-use on North Clinton St. in Syracuse, NY. This transaction was arranged by Peter Blass.
  • A $4,500,000 first lien mortgage for the refinance of a 3-unit mixed-use on North Ave. W in Westfield, NJ. This transaction was arranged by Meir Kessner.
  • A $3,300,000 first lien mortgage for the acquisition of a 124-unit multifamily on West Market St. in Lima, OH. This transaction was arranged by Nate Hyman and David Metzger.
  • A $2,900,000 first lien mortgage for the acquisition of a 12-unit multifamily on Bushwick Ave. in Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.
  • A $2,565,000 first lien mortgage for the acquisition of a 43-unit multifamily on Elm St. in New Haven, CT. This transaction was arranged by Moshe Lipschitz and Jack Beida.
  • A $1,762,500 first lien mortgage for the acquisition of a 39-unit multifamily on Franklin St. in West Reading, PA. This transaction was arranged by Nate Hyman and David Metzger.
  • A $1,634,600 first lien mortgage for the refinance of a mixed-use on Park Pl. in Brooklyn, NY. This transaction was arranged by Meir Kessner.

A $1,450,000 first lien mortgage for the refinance of a 16-unit multifamily on 61st St. in Brooklyn, NY. This transaction was arranged by Michael Muller.

  • A $1,200,000 first lien mortgage for the refinance of a 12-unit multifamily on Rogers Ave. in Brooklyn, NY. This transaction was arranged by Michael Muller.
  • A $1,145,000 first lien mortgage for the acquisition of a 6-unit multifamily on Fresh Pond Rd. in Ridgewood, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
  • A $975,000 first lien mortgage for the refinance of an 18,000-sf office building on West St. Georges Ave. in Linden, NJ. This transaction was arranged by Nate Klein.
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