Meridian Capital announced the following transactions:
• A new mortgage in the amount of $4,650,000 on a five-story, 22-unit multifamily property located on St. Nicholas Avenue in New York, NY. The loan features a rate of 2.875% and a five-year term. Zev Feder and Jacob Fischer negotiated this transaction.
• New mortgages totaling $13,425,000 were placed on two multifamily properties comprised of 99 units located on Hoe and Webb Avenues in the Bronx, NY. The loans feature rates of 3.125% and five-year terms. These transactions were negotiated by Drew Anderman and David Bollag.
• New mortgages totaling $8,000,000 on two multifamily properties comprised of 80 units located on Sylva Lane and Willow Road West in Staten Island, NY. The loans feature rates of 3.125% and five-year terms. Max Beyderman and Michael Salamon negotiated these transactions.
• New mortgages totaling $4,500,000 were placed on two multifamily properties comprised of 71 units located on Washington and Walton Avenues in the Bronx, NY. The loans feature rates of 3.13% and five-year terms. These transactions were negotiated by Brian Flax and Avi Gorbacz.
• New mortgages totaling $3,390,000 on two multifamily properties comprised of 14 units located on Herkimer Street and St. Mark’s Avenue in Brooklyn, NY. The loans feature rates of 3.00% and five-year terms. David Ganz and Eric Chapek negotiated these transactions.
• A new mortgage of $2,300,000 was placed on a four-story, 23-unit multifamily property located on Bay 23rd Street in Brooklyn, NY. The loan features a rate of 2.95% and a five-year term. This transaction was negotiated by Morris Diamant and Tzvi Krieger.
•••
GCP Capital Group arranged mortgage financing in the aggregate amount of $41,784,000 for the following properties:
• $18,500,000 for 2 seven-story apartment buildings containing a total of 242 units, located in Hempstead, Nassau County, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
• $11,650,000 combined financing for 2 one-story retail shopping centers comprised of approx. 72,650 total square feet, located in the Monmouth and Ocean Counties of New Jersey. Michael Charnowitz, Senior Associate of GCP Capital Group, arranged the financing for these transactions.
• $5,700,000 for a one and two-story medical office building comprised of approx. 35,200 square feet, located in Yonkers, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
• $4,650,000 for a five-story apartment building containing 27 units, located on Phelan Place in the Bronx, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $1,284,000 for the ground up construction development of a four-story apartment building with 8 units, located on Monroe Avenue in the Bronx, New York. Jack Fried, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
•••
Eastern Union Funding announced the following transactions:
• A $7,530,000 first lien mortgage for the acquisition of 86-50 77th Street, a 60-unit multifamily rental building in Woodhaven, NY. This transaction was arranged by Ira Zlotowitz and Uri Shoshana on behalf of Margules Properties, Inc.
•A $9,000,000 first lien mortgage for the acquisition of a 32-unit mixed-use portfolio in Brooklyn, NY. This transaction was arranged by Isaac Sternhill.
• A $6,500,000 first lien mortgage for the refinance of an 41,455-square-foot office building on Riva Rd. in Annapolis, MD. This transaction was arranged by David Merkin and Marc Tropp.
• A $5,390,000 first lien mortgage for the refinance of a 90-unit multifamily on Mattison Ave. in Asbury Park, NJ. This transaction was arranged by Nate Hyman and David Metzger.
• A $5,043,726 first lien mortgage for the acquisition of a 100-unit multifamily on Amber Dr. in Norcross, GA. This transaction was arranged by Michael Muller.
• A $4,175,000 first lien mortgage for the refinance of a 120,624-square-foot retail center on Julian R Allsbrook Hwy in Roanoke Rapids, NC. This transaction was arranged by Nate Hyman and David Metzger.
• A $2,500,000 first lien mortgage for the refinance of an 8-unit multifamily on Schaefer St. in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer.
• A $2,193,750 first lien mortgage for the refinance of a bank portfolio in NC and GA. This transaction was arranged by Chesky Gross.
•A $1,466,250 first lien mortgage for the acquisition of a 6-unit multifamily portfolio on Jersey City, NJ. This transaction was arranged by Jeffrey Seidenfeld.
• A $1,235,000 first lien mortgage for the refinance of a 3-unit multifamily on 44th St. in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $1,079,000 first lien mortgage for the acquisition of a 31-unit multifamily on Springwood Ave. in Asbury Park, NJ. This transaction was arranged by Nate Hyman and David Metzger.
• A $1,000,000 first lien mortgage for the refinance of a 6-unit multifamily on Macon St. in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.
• A $1,000,000 first lien mortgage for the refinance of a 17-unit multifamily on Washington Ave. in Asbury Park, NJ. This transaction was arranged by Nate Hyman and David Metzger.
• A $850,000 first lien mortgage for the acquisition of a 6-unit mixed-use on Kings Hwy in Brooklyn, NY. This transaction was arranged by Shimon Munk and James Hurtig.
•••
CBRE Capital Markets’ Debt & Structured Finance team has arranged $8 million in acquisition financing for a six-property multifamily portfolio in Yonkers, NY. Financing was facilitated by Jared Sobel, vice president in CBRE’s Manhattan office. CBRE was able to secure a $8.0 million, 5-year, interest-only, non-recourse, fixed-rate loan, in the mid 3% range, which was ultimately funded by Freddie Mac & a local New Jersey savings bank.
