Meridian Capital announced the following transactions:
- New mortgages totaling $43,980,000 were placed by Meridian on seven multifamily properties composed of 387 units located on 18th, 19thand 21st Streets as well as Caton, Clarkson, Ocean and Ditmas Avenues in Brooklyn, NY. The loans feature rates of 2.45% and were negotiated by Morris Diamant and Tzvi Krieger.
- A new mortgage in the amount of $11,000,000 on a six-story, 142-unit multifamily property located on Bronx Park East in the Bronx, NY. The loan features a rate of 3.00% with a five-year term. Michael Kesselman negotiated this transaction.
- New mortgages totaling $7,000,000 were placed on four multifamily properties composed of 62 units located on South 2ndStreet, South 5thStreet, Roebling Street and Classon Avenue in Brooklyn, NY. The loans feature rates of 3.00% and four-year terms. These transactions were negotiated by Judah Hammer and Daniel Neiss.
- A new mortgage in the amount of $4,500,000 on four multifamily properties totaling 35 units and 2,250 square feet of retail space located on East 199thStreet, Fort Independence Street, Briggs Avenue and Creston Avenue in the Bronx, NY. The loan features a rate of 3.13% and a five-year term. Morris Diamant and Mark Brachfeld negotiated this transaction.
- A new mortgage of $1,700,000 was placed on a six-story, 30-unit multifamily property located on Third Avenue in Brooklyn, NY. The loan featured a rate of 2.88% and a five-year term. This transaction was negotiated by Avi Weinstock and Josh Rhine.
- A new mortgage in the amount of $1,360,000 on a three-story, six-unit multifamily property located on Patchen Avenue in Brooklyn, NY. The loan features a rate of 3.14% and a five-year term. David Oheb and Brian Flax negotiated this transaction.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $30,125,000 for the following properties:
- $21,650,000 for a portfolio of five multifamily buildings containing a total of 88 apartments with 4 commercial units, located throughout Upper Manhattan, New York. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing.
- $2,900,000 for a six-story multifamily building containing 8 apartments and 1 store, located on Hunter Street in Long Island City, New York. Matthew Albano, senior broker, arranged the financing.
- $2,500,000 for a to be developed three-story townhome comprised of approx. 7,100 square feet, located in the Carroll Gardens neighborhood of Brooklyn, New York. Matthew Albano arranged the financing.
- $1,700,000 for a single story retail center comprised of 7,300 square feet, located in Kew Garden Hills, Queens, New York. Alan Perlmutter, managing member of GCP Capital Group, arranged the financing for this transaction.
- $1,375,000 for a four-story apartment building containing 20 units, located on 38th Street in Queens, New York. George Spanos, senior associate, arranged the financing.
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Eastern Union Funding arranged the following transactions:
- A $2,750,000 first lien mortgage for the acquisition of a 49 unit multifamily property on N Broad St in Elizabeth, NJ. This transaction was arranged by Dov Zabrowsky.
- A $3,380,000 first lien mortgage for the acquisition of a 66 unit multifamily property on W Broad St in Palmyra, NJ. This transaction was arranged by David Singer.
- A $6,000,000 first lien mortgage for the refinnance of a 36 unit multifamily property on Havemeyer St in Brooklyn, NY. This transaction was arranged by Alex Freund.
- A $6,450,000 first lien mortgage for the refinnance of a 17 unit, 72,875 sq ft shopping center on N Main St in Spring Valley, NY. This transaction was arranged by Abraham Bergman and Joseph Orzel.
- A $2,750,000 first lien mortgage for the acquisition of a 32 unit multifamily property on Pearsall Ave in Freeport, NY. This transaction was arranged by Jeffrey Seidenfeld.
- A $1,595,300 first lien mortgage for the refinnance of a multifamily property on Mary Street in Trenton, NJ. This transaction was arranged by Alex Freund.
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