Meridian Capital Group, LLC announced the following transactions:
• A new mortgage in the amount of $7,500,000 on two multifamily buildings totaling 85 units located on Fort Washington Avenue in New York, NY. The loan features a rate of 2.85% and a 10-year term. Scott Assouline negotiated this transaction.
• Two new mortgages totaling $14,500,000 on two multifamily buildings totaling 39 units located on Carmine Street and West 14th Street in New York, NY. These loans feature rates of 3.13% and 10-year terms. Carol Shelby and Dani Sabesan negotiated these transactions.
• A new mortgage in the amount of $6,250,000 on an 11-unit, mixed-use building featuring 2,500 square feet of retail space located on William Street in New York, NY. The loan features a rate of 3.00% and a 10-year term. Morris Diamant negotiated this transaction.
• A new mortgage of $4,200,000 on two multifamily buildings totaling 34 units located on East 74th Street in New York, NY. The loan features a rate of 2.90% and a 10-year term. Morris Diamant negotiated this transaction.
• A new mortgage in the amount of $3,250,000 on a 62-unit, six-story multifamily building located on Main Street in New Rochelle, NY. The loan features a rate of 3.13% and a 10-year term. Allan Lieberman negotiated this transaction.
• A new mortgage of $2,325,000 on a 15-unit, six-story multifamily building located on Frederick Douglass Boulevard in New York, NY. The loan features a rate of 3.00% and a 10-year term. David Hayum negotiated this transaction.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $15,720,000 for the following properties:
• $4,800,000 for a six-story apartment building containing 57 apartments and 4,450 square feet of commercial space, located on West 190th Street in the Bronx. Adam Brostovski arranged the financing.
• $2,820,000 combined financing for 2 four-story apartment buildings containing a total of 12 apartments, located in the Park Slope and Brooklyn Heights sections of Brooklyn. Stephen Katz arranged the financing.
• $4,500,000 for a six-story apartment building with a H.U.D. contract, containing 24 apartments, located on West 94th Street. Adam Brostovski arranged the financing.
• $2,000,000 for a five-story apartment building containing 20 apartments, located on Manhattan Avenue in Manhattan. Matthew Albano arranged the financing.
• $1,600,000 for a total of five residential buildings containing 16 apartments, located in Greenport, Suffolk County. Joseph Poretta arranged the financing.
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HKS Capital Partners announced the following transactions:
• A $3.6 million, 7-year non-recourse, fixed rate at 4.25% on the acquisition refinance of an office building located in Mt. Vernon, NY. The loan was structured by Ayush Kapahi.
• A $4.5 million non-recourse refinance of this multi-family building located in the Bronx, NY. The loan was sized at a rate of 3.8% for ten years and was levered at 75%. This deal was negotiated by Ayush Kapahi.
• A $3.65 million non-recourse refinance of a multi-family building located in the Bronx, NY. The loan was sized at 75% loan to value with a fixed rate of 3.75% for ten years. Ayush Kapahi negotiated this transaction.
• A $4.85 million non-recourse refinance of a mixed-use building located in New York, NY. This loan is 2 years interest only, sized at 75% loan to value, with a fixed rate of 3.75% for seven years. Ayush Kapahi negotiated this transaction.
• A $5.5 million non-recourse interim financing of a vacant mixed-use building located in New York, NY. This loan is sized at a 50% loan to value with a rate of 30 day LIBOR plus 3% for a two year term. Ayush Kapahi negotiated this transaction.
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Eastern Union announced the following transactions:
• A $2,800,000 first lien mortgage for the refinance of a shopping center in Niles, OH. This transaction was arranged by Marc Tropp.
• A $2,600,000 first lien mortgage for the refinance of a 61 unit multifamily property on 40th Street in Sunnyside, NY. This transaction was arranged by Michael Muller.
• A $1,800,000 first lien mortgage for the refinance of a 45 unit multifamily property on Union Avenue in Irvington, NJ. This transaction was arranged by Meir Kessner.
• A $1,690,000 first lien mortgage for the refinance of a 54 unit multifamily property in Baltimore, MD. This transaction was arranged by Marc Tropp.
• A $1,350,000 first lien mortgage for the refinance of a mixed use property consisting of 18 residential units and one retail unit on Bushwick Avenue in Brooklyn, NY. This transaction was arranged by David Eisen.
• A $1,300,000 first lien mortgage for the refinance of a 6 unit multifamily property on Melrose Street in Brooklyn, NY. This transaction was arranged by Nate Hyman.
• A $1,100,000 first lien mortgage for a mixed use property with 8 residential units and one store on Ludlow Street in New York, NY. This transaction was arranged by Nate Hyman.
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Pergolis Swartz Associates Inc. announced the following transactions:
• Permanent financing in the amount of $3,500,000 was arranged by Barry Swartz for a six story apartment building containing 20 units on Mott Street in Manhattan.
• Barry Swartz obtained permanent financing in the amount of $3,550,000 for a five story walk up apartment house on Clinton Street in Manhattan.
• Michael Volpe and Richard Pergolis closed a permanent loan in the amount of $1,000,000 for a single story restaurant building on Cedar Swamp Road in Glen Cove, New York.
• Barry Swartz negotiated a $3,175,000 permanent mortgage for a four story apartment building containing 6 residential units and 1 commercial unit on First Avenue in Manhattan.
