Meridian Capital Group, LLC announced the following transactions:
• A new mortgage of $3,250,000 on a 26-unit, eight-story multifamily building located on Frederick Douglass Boulevard in New York, NY. The loan features a rate of 2.95% and a three-year term. Shamir Seidman and Daniel Neiss negotiated this transaction.
• New mortgages totaling $11,550,000 on three multifamily properties totaling 252 units located on Bronx Park East, Valentine Avenue and Hull Avenue in the Bronx, NY. The loans feature rates of 3.13% and seven-year terms. Avi Weinstock negotiated these transactions.
• New mortgages totaling $7,960,000 on three multifamily properties totaling 97 units located on Ogden Avenue, Carpenter Avenue and Gerard Avenue in the Bronx, NY. The loans feature rates of 3.00% and nine-year terms. Michael Kesselman negotiated these transactions.
• A new mortgage of $5,600,000 on a 91-unit, six-story multifamily building located on Powell Avenue in the Bronx, NY. The loan features a rate of 3.63% and a 10-year term. Allan Lieberman and Asher Haft negotiated this transaction.
• A new mortgage of $4,500,000 on a 50-unit, five-story multifamily building located on Dongan Place in New York, NY. The loan features a rate of 3.13% and a five-year term. Morris Diamant and Tzvi Krieger negotiated this transaction.
• A new mortgage of $3,500,000 on a 16-unit, four-story multifamily building located on Great Neck Road in Long Island, NY. The loan features a rate of 3.00% and a 10-year term. Aaron M. Birnbaum and Carol Shelby negotiated this transaction.
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Zev Pollak Co., LLC announced that it has arranged financing for the following properties:
• A new mortgage in the amount of $3,950,000 for a purchase of a 4-story apartment building, containing 41 units in Brighton Beach, Brooklyn at 3.125% for a 12-year term. This transaction was negotiated by Zev Pollak.
• A new mortgage in the amount of $4,900,000 for a purchase of 6-story elevator apartment building located in the Bronx, containing 65 units at 3% for a 10-year term. This transaction was negotiated by Zev Pollak.
• A new mortgage in the amount of $2,700,000 for a low sold co-op building located in Queens, NY, containing 130 units. The loan featured a 10 year fixed rate at 3.5%. This transaction was negotiated by Zev Pollak.
• A mortgage in the amount of $5,100,000 for a purchase 6-story elevator apartment building, containing 48 units located in the Washington Heights, NY. The loan featured a 15 year fixed rate of 3.375%. This transaction was negotiated by Zev Pollak.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Barry Swartz closed a permanent mortgage in the amount of $5,250,000 for a five story apartment building containing 20 units located on 28th Street in Manhattan.
• Richard Pergolis obtained permanent financing in the amount of $1,200,000 for two commercial buildings located on NW 24th Street in Miami, Florida.
• Richard Pergolis negotiated a permanent loan in the amount of $2,650,000 for a four unit commercial condominium building located on Prince Street in Manhattan.
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NorthMarq Capital announced the following transactions:
• Robert W. Ranieri arranged first mortgage refinancing of $3 million for Middle Village Apartments, a 160-unit market-rate multifamily property located at 24 Day Street in Clifton, New Jersey. Financing was based on a 15-year term with a 15-year amortization schedule. NorthMarq arranged this financing for the borrower, Middle Village Associates, L.L.C. with a regional bank.
• Robert W. Ranieri arranged first mortgage refinancing of $1.1 million for Franklin Hall Apartments, a 65-unit market-rate multifamily property located at 153 Franklin Street in Bloomfield, New Jersey. Financing was based on a 15-year term with a 15-year amortization schedule. NorthMarq arranged this financing for the borrower, Gallinson Associates, L.L.C. with a regional bank.
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Ed Graf of Houlihan-Parnes Realtors, LLC, has arranged for 1st amount of $1,500,000 on a newly-constructed 3-family brownstone located at 195 St. James Street in Brooklyn, NY. The privately-held loan has a term of one year with interest only payments and is prepayable after six months with no penalty.
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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $24,225,000 for the following properties:
• $10,000,000 for a portfolio of 5 contiguous and 2 separate multifamily buildings containing a total of 162 apartments, located throughout the Bronx. Adam Brostovski arranged the financing.
• $5,000,000 for a four-story apartment building containing 57 units and 3,750 square feet of commercial space, located on St. Nicholas Avenue in Brooklyn. Alan Perlmutter arranged the financing.
• $4,375,000 for a five-story apartment building containing 45 units and 3,000 square feet of commercial space, located in the Ridgewood section of Queens. Alan Perlmutter arranged the financing.
• $2,500,000 for a five-story apartment building containing 36 units, located on East Mosholu Parkway in the Bronx. Paul Greenbaum arranged the financing.
• $2,350,000 for a six-story apartment building containing 18 units, located on West 45th Street in Manhattan. Paul Greenbaum arranged the financing.
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Eastern Union Funding announced the following transactions:
• A $3,600,000 first lien mortgage for the refinance and cash-out of a 3 property portolio consisting of 16 multifamily and 4 retail units, in New York. This transaction was negotiated by Mark Perlowitz and Beth Perlstein.
• A $2,925,000 first lien mortgage for the acquisition of a 6 story, 42 unit mixed use property on Monroe Ave in the Bronx. This transaction was negotiated by Michael Muller.
• A $2,340,000 first lien mortgage for the refinance and cash-out for a 7 unit mixed use property in Brooklyn, NY. This transaction was negotiated by David Metzger and Nate Hyman.
• A $1,990,000 first lien mortgage for the refinance of a 2 property portfolio consisting of 12 multifamily and 2 retail units, in Brooklyn, NY. This transaction was negotiated by Moshe Spitz.
• A $1,600,000 first lien mortgage for the refinance of a 10 unit mixed use property on Eastern Parkway in Brooklyn, NY. This transaction was negotiated by Mark Perlowitz.
