Meridian Capital announced the following transactions:
• New mortgages totaling $4,000,000 were placed on two four-story multifamily properties composed of 19 units located on West 89th Street and West 74th Street in New York. The loans feature rates of 3.00% and five-year terms. These transactions were negotiated by Scott Assouline and Isaac Lifshitz.
• A new mortgage in the amount of $11,000,000 on a six-story, 84-unit multifamily property located on Ocean Avenue in Brooklyn, NY. The loan features a rate of 3.33% and a five-year term. Scott Assouline and Isaac Lifshitz negotiated this transaction.
• A new mortgage of $2,137,500 was placed on a four-story, 27-unit mixed-use property with 2,250 square feet of retail space located on Third Avenue in Brooklyn, NY. The loan features a rate of 3.38% and a five-year term. This transaction was negotiated by Scott Assouline and Isaac Lifshitz.
• A new mortgage in the amount of $2,000,000 on a five-story, 10-unit multifamily building on East 89th Street in New York, NY. The loan features a rate of 3.00% with a five-year term. Judah Hammer and Michael Ryback negotiated this transaction.
• A new mortgage of $1,500,000 was placed on a five-story, 37-unit multifamily property located on Grand Street in Middletown, CT. The loan features a rate of 3.19% and a five-year term. This transaction was negotiated by Simon Rosenfeld.
• A new mortgage in the amount of $1,215,000 on an 11-unit multifamily property located on North 21st Street in Philadelphia, PA. The loan features a rate of 3.00% and a five-year term. Ari Adlerstein and Michael Farkovits negotiated this transaction.
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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $60,650,000 for the following properties:
• $18,000,000 combined financing for 2 five-story multifamily buildings containing a total of 185 apartments, located throughout Yonkers, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $16,900,000 combined financing for a package of 4 multi-family apartment buildings containing a total of 128 apartments, located throughout Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this package.
• $13,000,000 for a package of 7 five-story apartment buildings containing a total of 170 apartments and 1,420 square feet of commercial space, located on Sheridan Avenue in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
• $9,500,000 for 2 five-story mixed-use buildings containing a total of 24 apartments and 6,300 square feet of commercial space, located on Amsterdam Avenue in Manhattan, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $3,250,000 for a five-story apartment building containing 43 units, located on East 202nd Street in the Bronx, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
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Eastern Union Funding announced the following transactions:
• A $14,000,000 first lien mortgage for the refinance of five 14-story buildings with 130 total units in Far Rockaway. This transaction was negotiated by Motti Blau
• A $3,345,000 first lien mortgage for the refinance of a nine-unit multifamily on Powers Street in Brooklyn. This transaction was negotiated by Mendy Pfeifer and Jonathan Singer
• A $2,275,000 first lien mortgage for the refinance of a six-unit multifamily on Powers Street in Brooklyn. This transaction was negotiated by Mendy Pfeifer and Jonathan Singer
• A $3,825,000 first lien mortgage for the refinance of an eight-unit multifamily building on Scholes Street in Brooklyn. This transaction was negotiated by Mendy Pfeifer and Jonathan Singer
• A $2,050,000 first lien mortgage for the refinance of an eight-unit multifamily building on St. Johns Place in Brooklyn. This transaction was negotiated by Mendy Pfeifer and Jonathan Singer.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Richard Pergolis negotiated permanent financing in the amount of $3,000,000 for a six story walk-up apartment building on Eldridge Street in Manhattan.
• Len Solinsky arranged for a fixed rate permanent loan in the amount of $2,775,000 for a 20 unit residential apartment building on Throop Avenue in Brooklyn.
• Len Solinsky obtained acquisition financing in the amount of $2,500,000 for a four story, three family walk-up residential building on Summit Street in Brooklyn.
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