Meridian Capital announced the following transactions:
- A new mortgage in the amount of $4,750,000 on a six-story, 40-unit multifamily property located on West 22nd Street in Brooklyn, NY. The loan features a rate of 3.00% and a five-year term. Scott Assouline and Jacob Nefoussi negotiated this transaction.
- New mortgages totaling $20,800,000 on three multifamily properties comprised of 129 units located on Cooper Street, Payson Avenue and Seaman Avenue in New York, NY. The loans feature rates of 3.05% and five-year terms. These transactions were negotiated by Shamir Seidman and Daniel Neiss.
- A new mortgage in the amount of $17,000,000 on a six-story, 103-unit multifamily property located on 80th Street in Queens, NY. The loan features a rate of 3.13% and a five-year term. Avi Weinstock and Josh Rhine negotiated this transaction.
- A new mortgage of $9,185,000 was placed by Meridian on four multifamily properties comprised of 85 units located on 79th, Knox and Lafayette Streets in Cliffside Park, NJ. The loan features a rate of 3.25% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
- A new mortgage in the amount of $3,250,000 on a five-story, 26-unit multifamily property located on Cruger Avenue in the Bronx, NY. The loan features a rate of 3.125% and a five-year term. Charles Grussgott and Michael Helmreich negotiated this transaction.
- A new mortgage of $2,600,000 was placed on a four-story, 23-unit multifamily property located on Steinway Street in Queens, NY. The loan features a rate of 3.125% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
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Brick Capital Partners, through an affiliate entity, funded a $6,500,000 first mortgage to a 119-unit co-operative apartment building located in Yonkers, New York. The co-op intends to utilize nearly $3,000,000 of the loan proceeds to make major capital improvements within the buildings. Eric C. Roth closed the loan within two weeks of application in order to allow the co-operative to take advantage of a year-end pre-payment waiver that was offered by the prior lender. Raphael Fink of Midtown Financial was the broker in the transaction.
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Eastern Union Funding announced the following transactions:
- A $9,660,000 first lien mortgage for the refinance of a 216-unit multifamily on Ward St. in Chester, PA. This transaction was arranged by Nate Hyman and David Metzger.
- A $6,500,000 first lien mortgage for the refinance of a 50-unit mixed-use on Union Ave. in Bronx, NY. This transaction was arranged by Michael Muller.
- A $6,450,000 first lien mortgage for the refinance of a 39,900-sf office building on Stephenson Ave. in Fort Monmouth, NJ. This transaction was arranged by CJ Danziger and Jonathan Singer.
- A $5,500,000 first lien mortgage for the refinance of a 41,567-sf retail center on Greentree Rd. in Cherry Hill, NJ. This transaction was arranged by David Metzger and Nate Hyman.
- A $4,560,000 first lien mortgage for the refinance of a 26-unit multifamily on Longfellow Ave. in Bronx, NY. This transaction was arranged by Motti Blau.
- A $4,400,000 first lien mortgage for the refinance of a 17-unit multifamily on Nameoke St. in Far Rockaway, NY. This transaction was arranged by Motti Blau.
- A $4,050,000 first lien mortgage for the refinance of a 20-unit mixed-use on Metropolitan Ave. in Kew Gardens, NY. This transaction was arranged by David Metzger and Nate Hyman.
- A $2,800,000 first lien mortgage for the refinance of a 240-unit multifamily on Skyline Dr. in Braintree, MA. This transaction was arranged by Nate Hyman and David Metzger.
A $2,560,000 first lien mortgage for the acquisition of a 71-unit multifamily on Colonial Manor Rd. in Watertown, NY. This transaction was arranged by David Singer.
- A $2,500,000 first lien mortgage for the refinance of a 17-unit mixed-use portfolio in Detroit, MI. This transaction was arranged by Simcha Margolis.
- A $2,500,000 first lien mortgage for the refinance of an 8-unit multifamily on Chapel St. in Detroit, MI. This transaction was arranged by Simcha Margolis.
- A $2,500,000 first lien mortgage for the refinance of a single-tenant retail property on Shuman Blvd. in Naperville, IL. This transaction was arranged by Judah Aderet and Marc Tropp.
- A $2,290,000 first lien mortgage for the refinance of a 9-unit multifamily on Eastern Pkwy. in Brooklyn, NY. This transaction was arranged by Motti Blau.
- A $2,137,000 first lien mortgage for the refinance of a 74-unit multifamily on McClelland Dr. in Baton Rouge, LA. This transaction was arranged by Abraham Bergman.
- A $1,525,000 first lien mortgage for the refinance of a 3-unit mixed-use on Fulton St. in Brooklyn, NY. This transaction was arranged by Jonathan Singer.
- A $1,500,000 first lien mortgage for the refinance of a 17-unit industrial center on Olson Rd. in Brooklyn, MD. This transaction was arranged by David Merkin and Marc Tropp.
- A $1,500,000 first lien mortgage for the refinance of a 6-unit mixed-use on Central Ave. in Brooklyn, NY. This transaction was arranged by David Metzger and Nate Hyman.
- A $1,315,000 first lien mortgage for the refinance of a 5-unit multifamily on W. 137th St. in New York, NY. This transaction was arranged by Jeffrey Seidenfeld.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $28,900,000 for the following properties:
- $9,300,000 for a six-story mixed-use building containing 54 apartments and 3,100 square feet of commercial space, located on West 129th Street in Manhattan, New York. Michael Charnowitz, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
- $7,000,000 for a portfolio of 80 cooperative apartment units located within 4 contiguous apartment buildings, located in Astoria, Queens, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing.
- $6,100,000 for a one-story, 15,000 square foot commercial free-standing building occupied by CVS, located in Chester, Orange County, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
- $3,500,000 for seven residential condominium units located within a nine-story condominium building, located on East 24th Street in Manhattan, New York. David Sessa, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
- $3,000,000 for a four-story multifamily apartment building containing 25 units, located on East 31st Street in Brooklyn, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.