Meridian Capital announced the following transactions:
- A new mortgage of $6,250,000 was placed on a six-story, 48-unit multifamily property located on East 195th Street in the Bronx, NY. The loan features a rate of 3.13% and a five-year term. This transaction was negotiated by Chaim Tessler.
- A new mortgage in the amount of $14,000,000 on a six-story, 92-unit multifamily property located on Bailey Avenue in the Bronx, NY. The loan features a rate of 3.25% and a five-year term. David Hayum and Ariel Jeidel negotiated this transaction.
- A new mortgage of $11,550,000 was placed on an eight-story, 32-unit multifamily property located on West 133rd Street in New York, NY. The loan features a rate of 3.38% and a seven-year term. This transaction was negotiated by Carol Shelby and Dani Sabesan.
- A new mortgage in the amount of $11,000,000 on a two-story, 24-unit multifamily property located on Starr Street in Brooklyn, NY. The loan features a rate of 3.38% and a five-year term. Morris Diamant and Jacob Rochlitz negotiated this transaction.
- A new mortgage of $5,200,000 was placed on a five-story, 35-unit multifamily property located on East 163rd Street in the Bronx, NY. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by Isaac Filler and Michael Helmreich.
- A new mortgage in the amount of $2,600,000 on a 40-unit multifamily property located on High Street in Orange, NJ. The loan features a rate of 3.38% and a five-year term. Elliott Y. Birnbaum negotiated this transaction.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $34,787,500 for the following properties:
- $16,837,500 for a portfolio of 4 five-story apartment buildings containing a total of 163 units, located throughout the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this portfolio.
- $14,000,000 for a six-story apartment building containing 29 apartments and 4 commercial units, located on the Lower East Side of Manhattan, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $2,350,000 for a five-story apartment building containing 26 units, located on Summit Avenue in the Bronx, New York. Michael Charnowitz, Senior Associate of GCP Capital Group, arranged the financing for this property.
- $1,600,000 for a one-story, solely occupied retail building comprised of 3,000 square feet, located in Butler, New Jersey. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
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Eastern Union Funding announced the following transactions:
- A $14,500,000 first lien mortgages for the refinance of a 60-unit multifamily portfolio in Brooklyn, NY. This transaction was arranged by Isaac Sternhill.
- An $8,825,000 first lien mortgage for the refinance of a 86-unit multifamily on E 18th St. Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.
- A $7,000,000 first lien mortgage for the refinance of a 73-unit multifamily on Park Street in Albany, NY. This transaction was arranged by Motti Blau.
- A $4,300,000 first lien mortgage for the refinance of a 24-unit multifamily on W 161st St. in New York, NY. This transaction was arranged by Michael Muller.
- A $4,000,000 first lien mortgage for the refinance of a single-tenant property on East–West Hwy in Hyattsville, MD. This transaction was arranged by Marc Tropp and Shai Romirowsky.
- A $3,200,000 first lien mortgage for the refinance of a 7-unit mixed-use on 65th St. in Brooklyn, NY. This transaction was arranged by Michael Muller.
- A $3,000,000 first lien mortgage for the refinance of a 6-unit multifamily on Pulaski St. Brooklyn, NY. This transaction was arranged by Motti Blau.
- A $2,800,000 first lien mortgage for the acquisition loan of a 32-unit multifamily on 3rd Ave. in Long Branch, NJ. This transaction was arranged by David Singer.
- A $2,671,000 first lien mortgage for the acquisition loan of a 4-unit multifamily on Washington Ave. in Brooklyn, NY. This transaction was arranged by Simcha Margolis.
- A $2,000,000 first lien mortgage for the refinance of a 12-unit multifamily on Stuyvesant Ave. in Brooklyn, NY. This transaction was arranged by Jack Beida and Moshe Lipschitz.
- A $1,800,000 first lien mortgage for the refinance of a shopping center on E Tremont Ave. in Bronx, NY. This transaction was arranged by Jake Handelsman.
- A $1,650,000 first lien mortgage for the acquisition loan of a 16-unit multifamily on E 54th St. in Brooklyn, NY. This transaction was arranged by Isaac Sternhill.
- A $1,350,000 first lien mortgage for the refinance of a 12-unit multifamily on Wetherole St. in Rego Park, NY. This transaction was arranged by Nate Hyman and David Metzger.
- A $825,000 first lien mortgage for the acquisition loan of a 2-unit industrial property on Frelinghuysen Ave. in Newark, NJ. This transaction was arranged by Abraham Bergman and Sender Deutsch.
