Meridian Capital announced the following transactions:
- A new mortgage in the amount of $5,400,000 on a three-story, 42-unit multifamily property located on 37th Avenue in Queens, NY. The loan features a rate of 2.70% and a three-year term. Joe Taub and Eric Chapek negotiated this transaction.
- New mortgages totaling $10,200,000 were placed on three multifamily properties comprised of 97 units located on Brook Avenue, Hoffman Street and Southern Boulevard in the Bronx, NY. The loans feature rates of 3.375% and 15-year terms. These transactions were negotiated by Simon Rosenfeld and Craig Berger.
- A new mortgage in the amount of $9,500,000 on a six-story, 25-unit multifamily property located on First Avenue in New York, NY. The loan features a rate of 3.00% and a five-year term. Morris Diamant and Jacob Rochlitz negotiated this transaction.
- A new mortgage of $4,300,000 was placed on a four-story, 16-unit multifamily property located on Rogers Avenue in Brooklyn, NY. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by Scott Assouline and Isaac Lifshitz.
- A new mortgage in the amount of $3,500,000 on a 215-unit cooperative property located on Shore Road in Long Beach, NY. The loan features a rate of 3.50% and a 15-year term. Avi Weinstock and Michael Farkovits negotiated this transaction.
- A new mortgage of $1,550,000 was placed by Meridian on a 12-unit multifamily property located on Prospect Avenue in Brooklyn, NY. The loan features a rate of 3.125% and a five-year term. This transaction was negotiated by Avi Weinstock and Chaim Tessler.
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Emerald Creek Capital LLC provided a $15,200,000 bridge loan in Manhattan, NY. The subject property is two adjacent lots totaling 5,062 s/f located in the Financial District of Lower Manhattan. After development, the subject property will be a 75,467 s/f, 192-key boutique hotel. The loan was originated by Dean Wang.
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Eastern Union Funding announced the following transactions:
- A $7,125,000 first lien mortgage for the acquisition of two multifamily properties in Ulster County, N.Y. This transaction was arranged by Jeffrey Seidenfeld.
- A $3,630,000 first lien mortgage for the refinance of a 26-unit multifamily on Van Siclen Ave. in Brooklyn, NY. This transaction was arranged by Jeffrey Seidenfeld.
- A $2,000,000 first lien mortgage for the refinance of a 24-unit multifamily on Palisade Ave. in Yonkers, NY. This transaction was arranged by Michael Muller.
- A $1,850,000 first lien mortgage for the acquisition of an 8-unit multifamily on Berkeley Pl. in Brooklyn, NY. This transaction was arranged by Isaac Sternhill.
- A $1,700,000 first lien mortgage for the refinance of a 3-unit multifamily on Kane Pl. in Brooklyn, NY. This transaction was arranged by David Eisen.
- A $1,600,000 first lien mortgage for the acquisition of a multifamily on Story Ave. in Bronx, NY. This transaction was arranged by Abe Kolman.
- A $1,500,000 first lien mortgage for the refinance of a mixed-use, multifamily portfolio in Brooklyn, NY. This transaction was arranged by Jonathan Singer.
- A $1,170,000 first lien mortgage for the refinance of a 9-unit multifamily on S 4th St. in Brooklyn, NY. This transaction was arranged by Michael Muller.
- A $1,100,000 first lien mortgage for the refinance of a 13-unit mixed-use on 5th Ave. in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.
- A $1,000,000 first lien mortgage for the refinance of a 9-unit mixed-use on Broadway in Brooklyn, NY. This transaction was arranged by Jeffrey Seidenfeld.
- A $1,000,000 first lien mortgage for the refinance of a 9-unit multifamily on 73rd St. in Brooklyn, NY. This transaction was arranged by Michael Muller.
- A $850,000 first lien mortgage for the refinance of a 3-unit mixed-use on Flatbush Ave. in Brooklyn, NY. This transaction was arranged by Michael Muller and Efraim Perlowitz.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $42,450,000 for the following properties:
- $15,750,000 construction financing for the development of a six-story building containing 45 apartments and 4,300 square feet of commercial space, located in Jersey City, New Jersey. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $8,150,000 for a five-story multi-family apartment building containing 15 units, located on the Upper East Side of Manhattan. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing.
- $7,600,000 for a five-story multi-family apartment building containing 67 units and 5,950 square feet of commercial space, located on Eighth Avenue in Manhattan. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $7,200,000 combined financing for 2 two-story Class A office buildings containing approx. 116,230 square feet, located in Somerset County, New Jersey. Paul Greenbaum arranged the financing.
- $3,750,000 leasehold mortgage for a 7,730 s/f retail space located within a luxury cooperative building, located on Broadway in Manhattan, New York.David Sessa, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
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Marcus & Millichap Capital Corporation announced the following transactions:
- A $3,224,091 loan for the acquisition of a 10,009 s/f triple-net leased retail property in Fort Myers, Florida. The transaction was arranged by Andrew Dansker, Chris Marks, and Gunnar Wilmot.
- A $2,235,800 loan for the acquisition of a 7,872 s/f triple-net leased retail property in San Angelo, Texas. The transaction was arranged by Andrew Dansker, Chris Marks, and Gunnar Wilmot.
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NorthMarq Capital announced that Charles Cotsalas, senior vice president in Long Island, and Robert Delitsky, senior vice president/managing director in New York City, collaborated to arrange the $3 million refinance of a 28,000 s/f office property located at 1139 Hylan Boulevard in Staten Island. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a community bank.
