Meridian Capital announced the following transactions:
• A new mortgage of $3,000,000 was placed on a four-story, 12-unit multifamily property located on First Avenue in New York. The loan features a rate of 2.63% and a three-year term. This transaction was negotiated by David Hayum and Steve Edelstein.
• A new mortgage in the amount of $11,950,000 on a six-story, 77-unit multifamily property located on Ocean Avenue in Brooklyn. The loan features a rate of 3.13% and a five-year term. Avi Weinstock and Josh Rhine negotiated this transaction.
• A new mortgage of $3,800,000 was placed on a three-story, 10-unit multifamily property located on Himrod Street in Brooklyn. The loan features a rate of 3.13% and a five-year term. This transaction was negotiated by Morris Diamant and Joe Klein.
• A new mortgage in the amount of $3,550,000 on a four-story, 15-unit multifamily property with 4,000 square feet of retail space located on Nostrand Avenue in Brooklyn. The loan features a rate of 3.13% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
• A new mortgage of $2,700,000 was placed on a seven-story, 43-unit cooperative property located on Broadway in New York. The loan features a rate of 3.00% and a two-year term. This transaction was negotiated by Cary E. Pollack and Justine Hughes.
• A new mortgage in the amount of $1,875,000 on a three-story, six-unit multifamily property located on Rogers Avenue in Brooklyn. The loan features a rate of 3.00% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $185,055,000 for the following properties:
• $75,600,000 for a portfolio of six multifamily buildings containing 111 apartments and 13 commercial units, located throughout Manhattan. Matthew Classi, Managing Member, arranged the financing.
• $50,280,000 for a portfolio of seven multifamily apartment buildings containing a 230 apartments and 5,500 s/f of retail space, located throughout Manhattan. Paul Greenbaum, Managing Member, arranged the financing.
• $28,450,000 for a 14-story commercial multifamily building containing 120 apartments and 36,900 s/f of commercial space, located on St. Marks Avenue in Brooklyn. Adam Brostovski, Principal, arranged the financing.
• $17,700,000 for a portfolio of 2 two-story commercial/office buildings containing a total of 14 offices and 12 commercial units and a three-story taxpayer building containing 8 stores and 16 apartments, located throughout Westchester County, New York. Matthew Classi arranged the financing.
• $13,025,000 for a package of 4 five-story apartment buildings containing a total of 125 units, located on Davidson Avenue in the Bronx, New York. Paul Greenbaum arranged the financing.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Barry Swartz obtained permanent financing of $4,350,000 for a three story building containing 21 apartments and 3 stores on Jefferson Avenue in Brooklyn.
• Barry Swartz closed a permanent loan of $2,550,000 for a four story apartment building with 18 units on Kingsland Avenue in Brooklyn.
• Barry Swartz negotiated permanent financing in the amount of $7,000,000 for a five story apartment building with 30 units and 1 store on South 4th Street in Brooklyn.
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Eastern Union Funding announced the following transactions:
• A $4,100,000 first lien mortgage for the acquisition of a land property on Halsey St in Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.
• A $8,300,000 first lien mortgage for the refinance of a 65 unit mixed-use property on Burnside Ave in Bronx, NY. This transaction was arranged by Michael Muller.
• A $3,464,000 first lien mortgage for the acquisition of a 100 unit multi-family property on Westlake Ave in Savannah, GA. This transaction was arranged by Michael Muller.
• A $2,298,000 first lien mortgage for the acquisition of a 80 unit multi-family property on Easter Drive in Vidalia, GA. This transaction was arranged by Michael Muller.
• A $3,500,000 first lien mortgage for the refinance of a 24 unit mixed-use property on Mountainview Blvd in Wayne, NJ. This transaction was arranged by David Betesh.
• A $3,112,000 first lien mortgage for the acquisition of a 105 unit multi-family property on E Jr High Rd in Gaffney, SC. This transaction was arranged by Michael Muller.
TRANSACTIONS: GCP arranges $75M Manhattan portfolio loan; Meridian makes Ocean Avenue loan;
