Meridian Capital announced the following transactions:
• A new mortgage of $2,300,000 on a five-story, 20-unit multifamily property located on Westchester Avenue in the Bronx, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Jacob Schmuckler and Sam Shifer.
• A new mortgage in the amount of $10,000,000 on a six-story, 66-unit multifamily property located on 76th Avenue in Forest Hills, NY. The loan features a rate of 3.50% and a seven-year term. Jacob Schmuckler and Sam Shifer negotiated this transaction.
• A new mortgage of $4,400,000 was placed on a four-story, 37-unit multifamily property located on Fort Hamilton Parkway in Brooklyn, NY. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by Isaac Filler and Sam Shifer.
• A new mortgage in the amount of $2,600,000 on a nine-story, 36-unit multifamily property located on West 69th Street in New York, NY. The loan features a rate of 3.03% and a five-year term. Michael Farkovits negotiated this transaction.
• New self-liquidating mortgages totaling $2,400,000 were placed on two five-story multifamily properties composed of 21 units located on West 20th and West 47th Streets in New York, NY. The loans feature rates of 3.50% and 15-year terms. These transactions were negotiated by Jacob Schmuckler and Sam Shifer.
• A new mortgage in the amount of $2,300,000 on a four-story, four-unit multifamily property on DeKalb Avenue in Brooklyn, NY. The loan features a rate of 3.25% and a five-year term. Judah Hammer and David Bollag negotiated this transaction.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $31,250,000 for the following properties:
• $12,000,000 for 2 six-story apartment buildings containing a total of 91 apartments, located on East 179th Street in the Bronx, New York. Paul Greenbaum arranged the financing for this transaction.
• $8,950,000 combined financing for a six-story apartment building with 72 units on Kings Highway in Brooklyn, and a six-story apartment building with 25 units on West 143rd Street in Manhattan, New York. Adam Brostovski arranged the financing.
• A $4,500,000 construction loan for the development of a five-story apartment building containing 19 units, located on South Second Street in Williamsburgh, New York. Matthew Classi arranged the financing for this transaction.
• $3,300,000 for two contiguous four-story apartment buildings containing a total of 54 apartments, located on Lincoln Place in Brooklyn, New York. Michael Charnowitz arranged the financing.
• $1,500,000 for a four-story apartment building containing 20 apartments, located on Bogart Avenue in the Bronx, New York. Matthew Albano arranged the financing.
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HKS Capital Partners LLC has negotiated the following deals totaling over $29,837,500 Million:
• A $10.4 million permanent financing of a mixed-use building in Harlem. The loan features a rate of 3.5% and a term of five years. John Harrington negotiated this transaction.
• A $4.7 million permanent financing of a four-story multi-family building in Jackson Heights, Queens. The loan features a rate of 3.5% and a term of seven years. Ayush Kapahi negotiated this transaction.
• A $4.275 million ground up construction of a 4-story, 18-unit multi-family property in White Plains, Westchester County. The loan features a rate of 4.19% and a term of ten years. Ayush Kapahi negotiated this transaction.
• A $4.163 million ground up construction financing of a six-story, 33-unit mixed-use property comprised of 31 residential units, a restaurant, and one retail space in Ossining, Westchester County. The loan features a rate of 4.5% and a term of two years. Ayush Kapahi negotiated this transaction.
• A $2.3 million permanent finance of two multi-family buildings in Williamsburgh, Brooklyn. The loan features a rate of 3.875% and a term of seven years. Michael Lee negotiated this transaction.
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Massey Knakal Capital Services announce the placing of $4,415,000 in preferred equity arranged by Bruce Whipple to finance tenant improvements and operational costs for a master-leased artisanal food market close to Grand Central and the Met Life Building. Chris Kinder of CK Realty Partners, LLC acted as co-broker in the equity raise.
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Pergolis Swartz Associates Inc. announced the following transactions:
•Richard Pergolis negotiated permanent financing in the amount of $2,000,000 for a commercial condo unit on Washington Street in Manhattan.
• Barry Swartz closed a permanent loan in the amount of $1,500,000 for a single story, free standing building on Main Street in Beacon, NY.
• Barry Swartz obtained interim financing in the amount of $1,500,000 for the renovation of a residential building with a ground floor store on Prince Street in Manhattan.
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Eastern Union Funding announced the following transactions:
• A $12,000,000 first lien mortgage for the refinance of a 88,133 square foot warehouse on 94th Avenue in Jamaica, NY. This transaction was negotiated by Jonathan Singer at 3.7% for 10 year term.
• A $7,395,555 first lien mortgage for the acquisition of a 111 unit multifamily portfolio in Bronx, NY. Michael Muller negotiated this deal at 80% LTC at a rate of 3.5% for a ten year term.
• A $2,835,000 first lien mortgage for the purchase of a 56 unit multifamily building on W Hampton St in Pemberton, NJ. This transaction was negotiated by Nate Hyman and David Metzger.
• A $2,625,000 first lien mortgage for the acquisition of a 44 unit multifamily property on Hudson Ave in West New York, NJ. This transaction was negotiated by Michael Muller and Ira Zlotowitz at 3.5% for 10 year term.