TRANSACTIONS: This week’s small balance loans

Meridian Capital announced the following transactions:
• New mortgages totaling $6,440,000 were placed on two multifamily properties composed of 38 units on Metropolitan and Driggs Avenues in Brooklyn, NY. The loans feature rates of 2.90% and five-year terms. These transactions were negotiated by Judah Hammer and Michael Ryback.
• A new mortgage in the amount of $7,800,000 on an eight-story, 14-unit multifamily property on Maujer Street in Brooklyn. The loan features a rate of 3.13% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
• New mortgages totaling $6,400,000 were placed on a multifamily property and a mixed-use property composed of 33 units and 1,300 square feet of retail space on Second Avenue and 78th Street. The loans feature rates of 3.00% and five-year terms. These transactions were negotiated by David Ganz and Eric Chapek.
• A new mortgage in the amount of $5,300,000 on a 56 unit Multifamily Building on Manchester Avenue in Media, PA. The co-op is 0% sold and the loan featured a rate of 3.125% with a 5 year term. David Fisher negotiated this transaction.
• A new mortgage of $2,400,000 was placed by Meridian on a four-story, 10-unit multifamily property on DeKalb Avenue in Brooklyn, NY. The loan features a rate of 2.90% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
• A new mortgage in the amount of $2,350,000 on a six-story, 24-unit multifamily property located on West 141st Street in New York, NY. The loan features a rate of 3.00% and a five-year term. Allan Lieberman and Asher Haft negotiated this transaction.
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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $24,615,000 for the following properties:
• $11,675,000 for a portfolio of three multifamily buildings containing a total of 104 apartments, located throughout Brooklyn and the Bronx, New York. Michael Charnowitz arranged the financing.
• $6,000,000 for a commercial building containing four retail tenants, located on Franklin Avenue in Brooklyn, New York. Paul Greenbaum arranged the financing.
• $5,500,000 for a five-story apartment building containing 53 apartments, located on Morris Avenue in the Bronx, New York. Adam Brostovski arranged the financing.
• $1,440,000 for 2 five-story apartment buildings containing a total of 20 apartments, located on South Oxford Street in Brooklyn, New York. Matthew Classi arranged the financing.
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Eastern Union Funding announced the following transactions:
• A $1,880,000 first lien mortgage for the refinance of a 6 unit Multi-Family on Central Ave in Brooklyn, NY. This transaction was arranged by Abe Kolman and Mendy Pfeifer.
• A $1,950,000 first lien mortgage for the refinance of a 6 unit Multi-Family on Himrod St in Brooklyn, NY . This transaction was arranged by Abe Kolman and Mendy Pfeifer.
• A $3,640,000 first lien mortgage for the refinance of a 12 unit Mixed-Use on Madison St in Brooklyn, NY. This transaction was arranged by Meir Kessner.
• A $2,840,000 first lien mortgage for the refinance of a 6 unit Multi-Family on Sterling Pl in Brooklyn, NY. This transaction was arranged by Abe Kolman and Mendy Pfeifer.
• A $1,452,000 first lien mortgage for the acquisition of a 10 unit Office Building on W Kennedy Blvd in Lakewood, NJ. This transaction was arranged by Moti Amsel.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Barry Swartz arranged for permanent financing in the amount of $3,000,000 for a five story building with 14 units and 2 commercial spaces on Orchard Street.
• Permanent financing in the amount of $4,300,000 was obtained by Barry Swartz for a six story with penthouse apartment building, 24 units, on Attorney Street in Manhattan.
• Michael Volpe closed a $1,000,000 permanent loan for the acquisition of a single story, 5,000 square foot industrial building in the Bronx.
• Richard Pergolis negotiated a permanent mortgage in the amount of $2,100,000 for a four story building with 6 units and 1 store on St. James Place in Brooklyn.