Meridian Capital announced the following transactions:
• A new mortgage in the amount of $2,000,000 on a four-story, 16-unit multifamily property located on East New York Avenue in Brooklyn, NY. The loan features a rate of 2.90% and a five-year term. David Hayum and Joshua Haller negotiated this transaction.
• A new mortgage of $6,000,000 was placed on a six-story, 62-unit multifamily property located on Nelson Avenue in the Bronx, NY. The loan features a rate of 3.125% and a five-year term. This transaction was negotiated by Charles Grussgott and Michael Helmreich.
• A new mortgage in the amount of $5,600,000 on a three-story, 29-unit multifamily property located on Bradford Street in Brooklyn, NY. The loan features a rate of 3.125% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
• New mortgages totaling $5,570,000 were placed on a multifamily property and a mixed-use property comprised of 12 residential units and 12,000 square feet of retail space located on St. Marks Place and East 33rd Street in New York, NY. The loans feature rates of 3.125% and five-year terms. These transactions were negotiated by Josh Rhine.
• A new mortgage in the amount of $2,650,000 on a five-story, 14-unit multifamily property located on West 141st Street in New York, NY. The loan features a rate of 3.125% and a five-year term. Isaac Filler and Michael Helmreich negotiated this transaction.
• A new mortgage of $950,000 was placed on a four-story, eight-unit multifamily property located on 37th Street in Brooklyn, NY. The loan features a rate of 3.125% and a five-year term. This transaction was negotiated by Charles Grussgott and Michael Helmreich.
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GCP Capital Group arranged mortgage financing in the aggregate amount of $27,175,000 for the following properties:
• $7,800,000 for 2 five-story multifamily apartment buildings containing a total of 60 units, located on Crescent Street in Long Island City, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
• $6,700,000 for a fully occupied, three-story office building comprised of approx. 49,100 square feet, located in Mount Kisco, New York. Jack Fried, Senior Associate of GCP Capital Group, arranged the financing.
• $6,500,000 permanent loan for a new development of multifamily rental buildings containing a total of 28 apartments, located in Islip, Suffolk County, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $3,675,000 for a three-story mixed-use building containing 2 apartments and 2,200 square feet of commercial space, located on MacDougal Street in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
• Combined financing in the amount of $2,500,000 for the Huntington Yacht Club, a two-story clubhouse and marina situated on a 54,014 square foot plot, located in Suffolk County, New York. David Sessa, Senior Associate of GCP Capital Group, arranged the financing.
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G.S. Wilcox & Co. has completed $44,100,000 in financing across three transactions. The financing was arranged by Gretchen S. Wilcox, President, and the firm’s two principals, David Fryer and Al Raymond.
• $31,250,000 was secured by a residential garden style apartment community in Newburgh, New York consisting of one club house building and 12 two story residential apartment buildings. The firm represented a partnership between The Fidelco Group and Diversified Realty Advisors for the transaction which was financed by AIG.
• A $7,000,000 loan that was secured by a 252,000 square foot former manufacturing facility in Totowa, New Jersey which will be converted into a 383,000 square foot single tenant warehouse distribution facility. The property was financed by Provident Bank with G.S. Wilcox & Co. representing the Hampshire Companies.
• $5,850,000 in financing for an office call center facility in Bethlehem, Pennsylvania. The company represented J.G. Petrucci Co. with Thrivent Financial providing financing.
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Eastern Union Funding announced the following transactions:
• Meir Kessner arranged a $19 million loan for the refinancing of 2401 Locust Street, a data center in Philadelphia, PA. The four-story, 44,015 s/f property was originally built in 1928 as a manufacturing facility.
• A $6,430,000 first lien mortgage for the refinance of a 67,000 s/f, 3-unit mixed-use on Mayfield Rd. in Odenton, MD. This transaction was arranged by Marc Tropp.
• A $6,000,000 first lien mortgage for the acquisition of a 5-unit multifamily on E 74th St. in New York, NY. This transaction was arranged by Michael Muller and Moshe Lipschitz.
• A $4,800,000 first lien mortgage for the refinance of a 20-unit multifamily on 41st St. in Brooklyn, NY. Michael Muller arranged the transaction.
• A $4,095,000 first lien mortgage for the refinance of a 6-unit multifamily on Box St. in Brooklyn, NY. This transaction was arranged by Chaim Greenfeld.
• A $3,950,000 first lien mortgage for the refinance of an 8-unit multifamily on Diamond St. in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $2,760,000 first lien mortgage for the acquisition of a 46-unit multifamily in Elizabeth, NJ. This transaction was arranged by David Metzger, Nate Hyman and Jonathan Singer.
• A $2,700,000 first lien mortgage for the acquisition of a 10-unit multifamily on 30th St. in Union City, NJ. This transaction was arranged by CJ Danziger.
• A $2,500,000 first lien mortgage for the refinance of a 13,500 s/f, single-tenant retail property on Broadway Monticello, NY. This transaction was arranged by Michael Muller.
• A $2,440,000 first lien mortgage for the acquisition of a 34-unit multifamily on E Jersey St. in Elizabeth, NJ. This transaction was arranged by David Metzger, Nate Hyman and Jonathan Singer.
• A $1,760,000 first lien mortgage for the refinance of a 8-unit mixed-use on Seneca Ave. in Ridgewood, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $1,745,700 first lien mortgage for the refinance of a 10-unit multifamily on E 161st St. in Bronx, NY. This transaction was arranged by Motti Blau.
• A $1,625,000 first lien mortgage for the refinance of an 8-unit mixed-use on Linden St. in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $1,520,000 first lien mortgage for the refinance of a 3-unit multifamily on Jefferson Ave. in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
• A $1,200,000 first lien mortgage for the refinance of a 1,800 s/f, 3-unit mixed-use on 5th Ave. in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.
