Meridian negotiated a new mortgage in the amount of $6,000,000 on a five-story, 26-unit multifamily property located on Creston Avenue in the Bronx, NY. The loan features a rate of 3.125 percent and a five-year term. Avi Weinstock and Chaim Tessler negotiated this transaction.
- A new mortgage of $5,750,000 was placed by Meridian on a 41-unit multifamily property located on Linden Street in Hackensack, NJ. The loan features a rate of 3.25 percent and a five-year term. This transaction was negotiated by Zev Feder and Adam Ehrenreich.
- Meridian negotiated a new mortgage in the amount of $4,100,000 on a five-story, 38-unit multifamily property located on University Avenue in the Bronx, NY. The loan features a rate of 3.375 percent and a five-year term. Morris Diamant and Ben Piller negotiated this transaction.
- A new mortgage of $3,700,000 was placed by Meridian on a five-story, 26-unit multifamily property located on Decatur Avenue in the Bronx, NY. The loan features a rate of 3.375 percent and a five-year term. This transaction was negotiated by Morris Diamant and Ben Piller.
- Meridian negotiated a new mortgage in the amount of $3,200,000 on a retail property with 4,100 square feet located on Hillside Avenue in Williston Park, NY. The loan features a rate of 3.625 percent and a seven-year term. Scott Assouline and Isaac Lifshitz negotiated this transaction.
- A new mortgage of $1,700,000 was placed by Meridian on a three-unit multifamily property located on 179th Place in Queens, NY. The loan features a rate of 3.375 percent and a five-year term. This transaction was negotiated by Morris Diamant and Ben Piller.
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Ariel Property Advisors’ Capital Services Division recently arranged a $1.8 million acquisition loan, on a $2.4 million purchase, for a 6,000 square foot, corner mixed-use property located at 140 Main Street in Manasquan, New Jersey.
The division arranged a non-recourse 7-year acquisition loan at 4.125 percent with a favorable step-down pre-payment schedule where the client can prepay their loan in the final two years. The property consists of 4 retail units and 5 residential units where all the retail tenants are on short term leases but have been at the location for a number of years.
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Brick Capital Partners, through an affiliate entity, funded a $1,325,000 First Mortgage. The borrower, an Estate, needed the funding in order to begin settling tax and real estate liens.   The collateral is comprised of a 6200 square foot home on 1.5 acres of land and views of Manhasset Bay.
Brick Capital Partners, through an affiliate entity, provided second mortgages in the aggregate amount of $1,190,000 to a private real estate owner. Located in the Red Hook and Boerum Hill sections of Brooklyn, the collateral is comprised of two vacant four story walk-up apartment buildings. The loan proceeds are to be used for the gut renovation of both buildings. The loan is interest only with a 1 year term.
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David Singer arranged $52.3 million in senior debt for the acquisition of a 443-unit multifamily in Deptford, NJ.
- A $4,100,000 first lien mortgage for the refinance of a 10-unit multifamily on N. Henry St. in Brooklyn, NY. This transaction was arranged by David Eisen.
- A $4,000,000 first lien mortgage for the refinance of a multifamily on West 149th St. in New York, NY. This transaction was arranged by David Eisen.
- A $3,585,000 first lien mortgage for the refinance of a 10-unit multifamily on Hart St. in Brooklyn, NY. This transaction was arranged by Motti Blau and Mendy Pfeifer.
- A $2,500,000 first lien mortgage for the refinance of a 10,000-sf shopping center on Jamaica Ave. in Jamaica, NY. This transaction was arranged by Jack Beida.
- A $2,200,000 first lien mortgage for the refinance of a 3-unit mixed-use on Empire Blvd. in Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.
- A $2,150,000 first lien mortgage for the refinance of an industrial property on Clifton Pl. in Brooklyn, NY. This transaction was arranged by Abe Kolman.
- A $1,400,000 first lien mortgage for the acquisition of a 12-unit multifamily on Linden Pl. in Hempstead, NY. This transaction was arranged by Jeffrey Seidenfeld.
- A $1,365,000 first lien mortgage for the refinance of a multifamily on South 3rd St. in Brooklyn, NY. This transaction was arranged by Chaim Greenfeld and Motti Blau.
- A $1,100,000 first lien mortgage for the refinance of a 3-unit multifamily on Jefferson Ave Brooklyn, NY. This transaction was arranged by Moshe Lipschitz and Michael Muller.
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GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $26,200,000 for the following properties:
- $12,000,000 for a four-story residential building comprised of approximately 61,000 square feet, located on East 161st Street in the Bronx, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $5,600,000 for a five-story multifamily apartment building containing 53 units, located on Grand Concourse in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
- $4,900,000 for a newly built, two-story residential apartment complex containing a total of 24 units, located in Amityville, Suffolk County, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- A $2,500,000 construction loan for the ground up development of 2 three-family homes and 2 two-family homes, located in the Bushwick neighborhood of Brooklyn, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
- $1,200,000 for a three-story mixed-use building containing one commercial unit and five residential units, located on Myrtle Avenue in Brooklyn, New York. George Spanos, Senior Associate of GCP Capital Group, arranged the financing for this transaction.