Meridian Capital announced the following transactions:
• A new mortgage in the amount of $6,000,000 on a 37-unit mixed-use property with 16,000 square feet of commercial space located on East 76th Street in New York, NY. The loan features an initial rate of 3.50% and a five-year term. Jacob Nefoussi and Scott Assouline negotiated this transaction.
• A new mortgage of $3,650,000 was placed on an 88-unit multifamily property located on East 18th Street in Brooklyn, NY. The loan features an initial rate of 3.375% and a five-year term. This transaction was negotiated by Chaim Tessler.
• A new mortgage in the amount of $3,350,000 on a 21-unit multifamily property located on Convent Avenue in New York, NY. The loan features an initial rate of 3.75% and a five-year term. Joe Klein and Joseph Ackerman negotiated this transaction.
• A new mortgage of $1,900,000 was placed on an 18-unit cooperative property located on Remsen Street in Brooklyn, NY. The loan features a rate of 3.625% and a 10-year term. This transaction was negotiated by Avi Geller and Steve Geller.
• A new mortgage in the amount of $1,400,000 on a six-unit multifamily property located on Ridge Avenue in Philadelphia, PA. The loan features an initial rate of 3.50% and a five-year term. Shalom Krohn and Barry Lefkowitz negotiated this transaction.
• A new mortgage of $1,250,000 was placed on a six-unit multifamily property located on Germantown Avenue in Philadelphia, PA. The loan features an initial rate of 3.50% and a five-year term. This transaction was negotiated by Shalom Krohn and Barry Lefkowitz.
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Marcus & Millichap Capital Corporation announced the following transactions:
• A $2,900,000 loan to refinance an 8,600 square foot multifamily building containing 12 residential apartments located on East 90th Street on the Upper East Side of Manhattan. The financing was arranged by Andrew Dansker and Matt Michelson.
• A $1,500,000 loan for the acquisition of a 15,000 s/f mixed-use building containing 17 residential apartments and three retail stores located on Broadway in Saratoga Springs, New York. The transaction was arranged by Andrew Dansker.
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Eastern Union Funding announced the following transactions:
• A $36,200,000 first lien mortgage for the acquisition of a 198-unit multifamily on Commons Way in Doylestown, PA. This transaction was arranged by David Metzger and Nate Hyman.
• A $10,000,000 first lien mortgage for the refinance of a 63-unit mixed-use on Maple St in Brooklyn, NY. This transaction was arranged by Abraham Bergman and Yossi Orzel.
• A $7,500,000 first lien mortgage for the acquisition of a 16-unit office building on Northern Blvd in Manhasset, NY. This transaction was arranged by Ira Zlotowitz and Tiffany Weiss.
• A $2,799,000 first lien mortgage for the acquisition of a 115-unit mobile home on Tara Blvd in Jonesboro, GA. This transaction was arranged by Judah Aderet and Marc Tropp.
• A $2,702,250 first lien mortgage for the acquisition of an office building on Princess Garden Pkwy in Lanham, MD. This transaction was arranged by Marc Tropp and David Merkin.
• A $1,950,000 first lien mortgage for the acquisition of a single tenant on Research Blvd in Rockville, MD. This transaction was arranged by David Merkin and Marc Tropp.
• A $1,350,000 first lien mortgage for the refinance of a 3-unit multifamily on Palmetto St in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
• A $1,058,000 first lien mortgage for the refinance of a 6-unit multifamily on E 183rd St in Bronx, NY. This transaction was arranged by Chaim Greenfeld.
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GCP Capital Group has arranged mortgage financing in the aggregate amount of $60,430,000 for the following properties:
• $25,500,000 for two multifamily apartment buildings containing a total of 59 units and approximately 6,700 square feet of commercial space, located on Third Avenue in Manhattan, New York. Stephen Katz, Managing Director of GCP Capital Group, arranged the financing for this transaction.
• $14,150,000 for a six-story multifamily apartment building containing 110 units and 3 grade-level commercial units, located on Grand Concourse in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
• $7,680,000 for a six-story multifamily apartment building containing 84 units and approximately 4,500 square feet of commercial space, located on West 10th Street in Brooklyn, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $7,100,000 for a luxury senior citizen garden apartment complex containing a total of 85 units, located in Lindenhurst, Suffolk County, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $6,000,000 for a four-story multifamily apartment building containing 37 loft-style apartments, located on Green Street in Brooklyn, New York. David Sessa, Managing Director of GCP Capital Group, arranged the financing for this transaction.
