Meridian negotiated a new mortgage in the amount of $8,350,000 on a 128-unit multifamily property located on Crown Street in Brooklyn, NY. The loan features a rate of 3.95 percent and a five-year term. David Hayum negotiated this transaction.
A new mortgage of $7,250,000 was placed by Meridian on a mixed-use property totaling six units located on Greene Street in New York, NY. The loan features a rate of 4.15 perecnt and a five-year term. This transaction was negotiated by Bryan Geffen and Brian Flax.
Meridian negotiated a new mortgage in the amount of $6,000,000 on a 52-unit cooperative property located on Riverside Drive in the New York, NY. The loan features a rate of 4.2 percent and a 10-year term. Steve Geller and Nicoletta M. Pagnotta negotiated this transaction.
A new mortgage of $4,500,000 was placed by Meridian on a multifamily property totaling 18 units located on West 107th Street in New York, NY. The loan features a rate of 4.1 percent and a five-year term. This transaction was negotiated by Isaac Filler and Michael Helmreich.
Meridian negotiated a new mortgage in the amount of $2,800,000 on a seven-unit multifamily property located on Myrtle Avenue in Brooklyn, NY. The loan features a rate of 3.375 percent and a five-year term. Steven Ribiat negotiated this transaction.
A new mortgage of $1,800,000 was placed by Meridian on a mixed-use property totaling four units located on Third Avenue in Brooklyn, NY. The loan features a rate of 4.125 percent and a five-year term. This transaction was negotiated by Moe Rosenblum.
•••
GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $35,100,000 for the following properties: $15,000,000 for a six-story mixed-use building containing 81 apartments, 5 office units and 6 commercial units, located on Grand Concourse in the Bronx, New York. Jack Fried, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
$8,100,000 for a six-story multifamily apartment building containing 38 units and 4,750 square feet of commercial space, located on St. Nicholas Avenue in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
$6,200,000 for a two-story commercial building comprised of 29,700 square feet, located on Warren Street in Brooklyn, New York. The sole tenant is a day care facility operated by New York City. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
$5,800,000 for a newly-constructed, three-story mixed-use building comprised of 15,300 square feet with 8 apartments and 4 commercial units, located on Grand Street in Brooklyn, New York. Matthew Albano, Managing Director of GCP Capital Group, arranged the financing for this transaction.
A $34,000,000 construction loan for the first phase of a two-phase development project of an assemblage of five single-story retail properties into a luxury retail and condominium complex. Phase I will contain 46 units and approx. 24,250 square feet of above/below grade commercial space.
The property is located on the prime block of 31 st Street in Astoria, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
$9,900,000 for a six-story multifamily apartment building containing 54 units and 6,640 square feet of commercial space, located on St. Nicholas Avenue in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
$7,250,000 for a six-story multifamily apartment building containing 89 units, located on Albemarle Road in Brooklyn, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
$6,000,000 for a six-story multifamily apartment building containing 2 units, located in the East Village neighborhood of Manhattan, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.
•••
Eastern Union arranged over $50 million in healthcare/medical office loans:
A $12,000,000 first lien mortgage toward the acquisition of a regional hospital in Hudson County, NJ. This transaction was arranged by Phil Krispin and Nachum Soroka.
A $11,500,000 first lien mortgage for the refinance of a 9-unit medical office building on Mercy Dr in Orlando, FL. This transaction was arranged by David Eisen and Chesky Gross.
A $8,600,000 first lien mortgage for the refinance of an approximately 147,000-square-foot, mixed-use development on Preston Rd in Frisco, TX, comprising 13 executive office/medical office buildings. This transaction was arranged by Mordechai Beren.
A $4,500,000 first lien mortgage for the acquisition of a 99-unit healthcare on Euclid Ave in Cleveland, OH. This transaction was arranged by CJ Danziger and Phil Krispin.
A $4,492,500 first lien mortgage for the refinance of a 10-unit medical office building on Highway 21 in Covington, LA. This transaction was arranged by Marc Tropp.
A $4,143,750 first lien mortgage for the acquisition of a medical office/office building on Laurel Oak Rd in Voorhees, NJ. This transaction was arranged by Nate Hyman and David Metzger.
A $3,612,000 first lien mortgage for the acquisition of a 56-unit healthcare on S MayoTrail in Pikeville, KY. This transaction was arranged by Phil Krispin and Nachum Soroka.
A $2,750,000 first lien mortgage for the refinance of a single-tenant medical office building on E 14th St in Brooklyn, NY. This transaction was arranged by Abraham Bergman.
Other financing includes:
A $4,600,000 first lien mortgage for the refinance of a 44-unit multifamily on Hall Pl in Bronx, NY. This transaction was arranged by Michael Muller.
A $4,200,000 first lien mortgage for the refinance of a 9-unit, mixed-use on Division Ave in Brooklyn, NY. This transaction was arranged by Meir Kessner.
A $4,000,000 first lien mortgage for the refinance of a 41-unit, mixed-use on Manor Ave in Bronx, NY. This transaction was arranged by Yossi Rubin.
A $2,880,000 first lien mortgage for the acquisition of a 60-unit multifamily on Overton Ave in Birmingham, AL. This transaction was arranged by Nate Hyman, David Metzger and Adelle Ross.
A $1,375,000 first lien mortgage for the acquisition of a 31-unit mixed-use on E Grand St in Elizabeth, NJ. This transaction was arranged by Nate Hyman and David Metzger.
A $1,320,000 first lien mortgage for the refinance of a 10-unit multifamily on E 64th St in New York, NY. This transaction was arranged by Michael Muller.
A $1,175,000 first lien mortgage for the refinance of a 4-unit, mixed-use on Hancock St in Brooklyn, NY. This transaction was arranged by Michael Muller and Moshe Lipschitz.
