Transactions

Meridian Capital Group, LLC announced the following transactions:
• A new mortgage in the amount of $2,100,000 on a 21-unit, five-story multifamily building located on West 179th Street in New York, NY. The loan features a rate of 2.53% and a seven-year term. David Fisher negotiated this transaction.
• A new mortgage of $23,000,000 was placed by Meridian on a 137-unit, six-story multifamily building located on Shore Road in Brooklyn, NY. The loan features a rate of 3.00% and a 15-year term. Joseph Taub and Daniel Blumenthal negotiated these transactions.
• A new mortgage in the amount of $10,000,000 on a 17-story, 117,000 square foot office building located on West 38th Street in New York, NY. The loan features a rate of 2.90% and a 10-year term. Morris Diamant and Tzvi Krieger negotiated this transaction.
• A new mortgage of $10,000,000 on a 94-unit, six-story multifamily building located on Montgomery Street in Brooklyn, NY. The loan features a rate of 2.98% and a 10-year term. Morris Diamant and Adam Newman negotiated this transaction.
• Aa new mortgage in the amount of $2,250,000 on a 26-unit, six-story multifamily building located on Bainbridge Avenue in the Bronx, NY. The loan features a rate of 3.00% and a 15-year term. Allan Lieberman and Asher Haft negotiated this transaction.
• A new mortgage of $2,000,000 on a 49-unit, six-story multifamily building located on Fort Washington Avenue in New York, NY. The loan features a rate of 2.88% and a 10-year term. Allan Lieberman and Asher Haft negotiated this transaction.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $17,260,000 for the following properties:
• $4,500,000 for a package of 4 two-story garden apartment buildings containing a total of 77 apartments, located in the Throgs Neck section of the Bronx. Matthew Classi arranged the financing.
• $4,025,000 for a six-story apartment building containing 56 apartments, located on Carroll Place in the Bronx, New York. Adam Brostovski arranged the financing.
• $3,350,000 for a single-story retail shopping center comprised of approximately 25,500 square feet, located in Inwood, Nassau County. Matthew Classi arranged the financing.
• $2,985,000 for a five-story apartment building containing 57 apartments, located on Webb Avenue in the Bronx. Adam Brostovski arranged the financing.
• $2,400,000 for a two-story commercial building containing six retail tenants, located on Coney Island Avenue in Brooklyn. Paul Greenbaum arranged the financing.
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North East Community Bank (NECB) closed the following:
• $440,000 15 year ARM with 25 year amortization schedule mixed-use building in Beacon.
• $350,000 15 year ARM with 25 year amortization schedule residential building in Brooklyn.
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Eastern Union announced the following transactions:
• A $28,300,000 first lien mortgage for the refinance of multifamily portfolio consisting of 5 buildings and 233 units in Brooklyn. This transaction was arranged by Michael Muller and Moshe Lipschitz.
• A $6,450,000 first lien mortgage for the refinance of 2 multifamily properties with 35 units in the Bushwick section of Brooklyn, NY. This transaction was arranged by Moti Blau.
• A $4,900,000 first lien mortgage for the refinance of a 41 unit multifamily property on 42nd Avenue on Corona, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $2,200,000 first lien mortgage for the refinance 2 multifamily properties with a total of 27 units in Baltimore, MD. This transaction was arranged by Eli Breiner.
• A $1,700,000 first lien mortgage for the refinance of an 8 unit multifamily property on Humboldt Street in Brooklyn, NY. This transaction was arranged by Nate Hyman.
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Titan Capital ID LLC announced the following transactions:
• A $3,500,000 loan secured by a 4,000 s/f cooperative unit, valued at $17,500,000, on the corner of Fifth Avenue and East 88th Street. .
• A $3,600,000 loan secured by a newly constructed, 12,000 s/f luxury Tribeca co-operative. This recently completed project was funded by a traditional $5,000,000 construction mortgage and contains two duplexes and one triplex with an expected sellout of $17,500,000.
• A $6,750,000 building loan secured by a 2.5 acre lot on Ocean Road, Bridgehampton, NY. Upon completion the property is expected to list for around $15,000,000 and will be the 5th project in the Hamptons Titan has financed for this developer.
• A $1,500,000 loan secured by a mixed-use Tribeca property. Set on an L-shaped lot, the 14,425 s/f building is occupied by 2 commercial spaces, as well as 7 market-rate residential apartments.
• A $7,500,000 line of credit secured by a portfolio of 120 multi-family Bronx properties.
• A $1,700,000 loan secured by an 8,065 s/f colonial-style vacation home in Bridgehampton, NY.