Meridian Capital announced the following transactions:
• New mortgages totaling $4,900,000 were placed by Meridian on three multifamily properties composed of 74 units located on Park Terrace East and Cooper Street in New York and 196th Street in the Bronx, NY. The loans feature rates of 2.75% and five-year terms. These transactions were negotiated by Avi Weinstock and Josh Rhine.
• New mortgages totaling $11,200,000 on two five-story multifamily properties composed of 125 units located on Marble Hill Avenue in New York and Grand Concourse Avenue in the Bronx, NY. The loans feature rates of 3.00% and five-year terms. Michael Kesselman negotiated these transactions.
• New mortgages of $8,775,000 were placed on two multifamily properties composed of 85 units located on Grand Avenue and Decatur Avenue in the Bronx, NY. The loans feature rates of 3.00% and three-year terms. These transactions were negotiated by Marvin Jeremias.
• A new mortgage in the amount of $4,000,000 on a six-story, 70-unit multifamily property located on Fourth Avenue in Brooklyn, NY. The loan features a rate of 2.94% and a five-year term. Avi Weinstock and Josh Rhine negotiated this transaction.
• A new mortgage of $2,800,000 was placed on a five-story, eight-unit mixed-use property located on Orchard Street in New York, NY. The loan features a rate of 2.88% and a five-year term. This transaction was negotiated by Scott Assouline and Jacob Nefoussi.
• A new mortgage in the amount of $2,610,000 on a four-story, 30-unit multifamily property located on East 92nd Street in Brooklyn, NY. The loan features a rate of 3.00% and a five-year term. Morris Diamant and Tzvi Krieger negotiated this transaction.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $40,100,000 for the following properties:
• $17,550,000 for a portfolio of 5 six-story apartment buildings containing a total of 191 apartments and 2 commercial units, located in the Washington Heights section of Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this portfolio.
• $9,050,000 for a portfolio of 5 three-story garden style apartment buildings and 1 six-story apartment building containing a total of 159 apartments, located throughout Queens and Manhattan, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this portfolio.
• $6,450,000 for a six-story apartment building containing 72 apartments, located on Valentine Avenue in the Bronx, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this property.
• $4,500,000 for a retail shopping center comprised of approximately 31,660 square feet, located in Staten Island, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing.
• $2,550,000 for a five-story apartment building containing 21 apartments, located on West 150th Street in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing.
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Pergolis Swartz Associates Inc. announced the following trnasactions:
• Barry Swartz closed a permanent loan in the amount of $1,100,000 for a single story retail strip containing 21,520 square feet located on Bergenline Avenue in Union City, NJ.
• Michael Volpe arranged a permanent mortgage in the amount of $8,500,000 for a 7 unit residential apartment building with a ground floor, major retail tenant. The property is located on Austin Street in Forest Hills.
• Barry Swartz obtained permanent financing in the amount of $4,200,000 for a five story building with 11 apartments and 2 stores on West 53rd Street in Manhattan.
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Eastern Union Funding announced the following transactions:
• A $40,237,500 first lien mortgage for the acquisition of a multifamily portfolio, with 12 apartments and 495 units, including three commercial spaces, in Bronx, NY. This transaction was negotiated by Eli Breiner
• A $9,300,000 first lien mortgage for the refinance of a multifamily property, with 41 units, in Brooklyn, NY. This transaction was negotiated by Eli Breiner
• A $4,550,000 first lien mortgage for the refinance of a multifamily property, with 32 units, in Flushing, NY. This transaction was negotiated by Nate Hyman and David Metzger
• A $1,275,000 first lien mortgage for the acquisition of a multifamily property, with eight units, in Jersey City, NJ. This transaction was negotiated by Michael Muller
• A $1,200,000 first lien mortgage for the acquisition of a multifamily, with eight units, in Brooklyn, NY. This transaction was negotiated by David Metzger and Nate Hyman.
