Meridian Capital announced the following transactions:
• A new mortgage of $3,000,000 was placed by Meridian on a four-story, 24-unit multifamily property located on Bay 28th Street in Brooklyn, NY. The loan features a rate of 2.63% and a five-year term. This transaction was negotiated by Morris Diamant and Jacob Rochlitz.
• A new mortgage in the amount of $15,000,000 on a 16-story, 112,300 square foot office property located on West 35th Street in New York, NY. The loan features a rate of 3.35% and a seven-year term. Morris Diamant and Joe Klein negotiated this transaction.
• A new mortgage of $6,000,000 was placed by Meridian on a six-story, 96-unit multifamily property located on Brighton 6th Street in Brooklyn, NY. The loan features a rate of 3.38% and a 15-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
• A new mortgage in the amount of $4,740,000 on a three-story, 36-unit multifamily building on 37th Avenue in Flushing, NY. The loan features a rate of 3.33% and a five-year term. David Hayum and Jacob Fischer negotiated this transaction.
• A new mortgage of $3,525,000 was placed by Meridian on a five-story, 32-unit multifamily property located on Briggs Avenue in the Bronx, NY. The loan featured a rate of 3.00% and a five-year term. This transaction was negotiated by Alan Friedman and Eric Chapek.
• A new mortgage in the amount of $1,900,000 on a four-story, 16-unit multifamily property located on 56th Street in Brooklyn, NY. The loan features a rate of 2.75% and a four-year term. Judah Hammer and Michael Ryback negotiated this transaction.
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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $31,400,000 for the following properties:
• $10,000,000 for a three-story and eight-story multifamily building containing 88 apartments, located in Yonkers, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $7,000,000 combined financing for a two-story apartment building with 31 units and a three-story apartment building with 36 units, located in Freeport, Nassau County, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for these properties.
• $5,500,000 combined financing for 2 five-story mixed-use buildings containing a total of 39 apartments and 6 stores, located in the Belmont and Morris Park sections of the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for these properties.
• $5,500,000 for a six-story multifamily building containing 48 apartments, located on Nostrand Avenue in Brooklyn, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $3,400,000 for a five-story apartment building containing 26 apartments, located on West 172nd Street in Manhattan, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this property.
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Eastern Union Funding annouced the following transactions:
• An $11,700,000 first lien mortgage for the acquisition of a single-tenant retail building in Brooklyn, NY. This transaction was negotiated by Ira Zlotowitz.
• An $11,625,000 first lien mortgage for the acquisition of a mixed-use, with 47 units, in Bronx, NY. This transaction was negotiated by Ira Zlotowitz and Michael Muller.
• A $9,250,000 first lien mortgage for the refinance of a multifamily portfolio, with 12 units, in Brooklyn, NY. This transaction was negotiated by Isaac Sternhill.
• A $9,000,000 first lien mortgage for the refinance of a 28 unit multifamily in Brooklyn, NY. This transaction was negotiated by Moshe Lipschitz.
• An $8,400,000 first lien mortgage for the refinance of a 31 unit mixed-use in New York, NY. This transaction was negotiated by Moshe Lipschitz.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Barry Swartz closed a permanent mortgage in the amount of $25,250,000 for a package of 6, five story apartment buildings with a total of 350 rooms on West 103rd Street and West 108th Street in Manhattan.
• Len Solinsky closed a permanent loan in the amount of $1,000,000 for a three family building on Malcolm X Blvd. in Manhattan.
• Len Solinsky obtained interim financing in the amount of $4,200,000 for a 10 unit apartment building on East 84th Street in Manhattan.
• Charles Yellen arranged permanent financing in the amount of $8,300,000 for industrial land and a Hertz facility on Steinway Street in Queens.
