Meridian Capital announced the following transactions:
- New mortgages totaling $6,265,000 were placed on five multifamily buildings composed of 27 units located on East 126th Street, West 123rd Street , West 136th Street, West 138th Street and West 147th Street in New York, NY. The loans feature rates of 2.93% and five-year terms. These transactions were negotiated by Judah Hammer and Daniel Neiss.
- A new mortgage in the amount of $22,690,000 on a 13-story, 128-unit multifamily property located on Edgecombe Avenue in New York, NY. The loan features a rate of 3.00% and a five-year term. Judah Hammer and Daniel Neiss negotiated this transaction.
- A new mortgage of $12,000,000 was placed on a six-story, 44-unit multifamily property located on Park Avenue in Brooklyn, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Morris Diamant and Joe Klein.
- A new mortgage in the amount of $5,425,000 on a six-story, 82-unit multifamily property located on Bay Parkway in Brooklyn, NY. The loan features a rate of 3.13% and a five-year term. Cary E. Pollack and Steven Cohen negotiated this transaction.
- A new mortgage of $3,200,000 was placed on a five-story, nine-unit mixed-use property with 1,350 square feet of retail space located on Columbus Avenue in New York, NY. The loan features a rate of 3.13% and a five-year term. This transaction was negotiated by Judah Hammer and Daniel Neiss.
- A new mortgage in the amount of $2,650,000 on a four-story, 27-unit multifamily property located on East 22nd Street in Brooklyn, NY. The loan features a rate of 3.13% and a five-year term. Chaim Tessler negotiated this transaction.
•••
GCP Capital Group has arranged mortgage financing in the aggregate amount of $46,800,000 for the following properties:
- $13,375,000 combined financing for 3 five-story apartment buildings containing a total of 161 apartments and approx. 4,200 square feet of commercial space, located throughout the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this package.
- $10,950,000 for a two-story single-tenant retail building comprised of approx. 39,000 square feet, located in Paramus, New Jersey. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $7,900,000 for a six-story apartment building containing 69 apartments, located on Selwyn Avenue in the Bronx, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $7,875,000 for a six-story apartment building containing 57 apartments and 4,380 square feet of commercial space, located on West 190th Street in the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this property.
- A $6,700,000 acquisition/construction loan for a to-be-built five-story multifamily apartment building containing 12 apartments, located on St. Marks Avenue in Brooklyn, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
•••
North East Community Bank (NECB) provided $25,244,500 in mortgage financing for the following transactions:
- Financed $630,000 for a 3 story, semi attached brick building with 6 units in the East New York section of Brooklyn.
- $465,000 refinanced on a 2 story residential walkup building in the Olinville section of the Bronx.
- First mortgage of $929,500 on a 3 story walkup residential building in the Bushwick section of Brooklyn.
- $937,500 first mortgage on 3 adjacent multifamily buildings with a total of 9 stories in the Melrose section of the Bronx.
- $622,500 first mortgage on a 4 story walkup building located in the Morrisania section of the Bronx.
- $3,200,000 bridge loan for a 4 story plus basement walkup building located in the Brownsville section of Brooklyn,
- First mortgage of $3,150,000 on 3 multifamily buildings in Ridgewood section of Queens.
- $4,250,000 refinance on 2 retail buildings in Westchester County NY.
- $1,500,000 refinance on 2 story commercial building in Westchester County, NY.
- Financed $440,000 for a 2 story, 5 units residential building Wakefield section of the Bronx.
- $425,000 refinanced on a 3 story residential walkup building in the East Flatbush section of Brooklyn.
- $1,390,000 refinanced on a 4 story residential walkup building in Pennsylvania.
- $500,000 refinanced on a 3 story, 6 unit residential walkup building in the East Flatbush section of Brooklyn.
- First mortgage of $2,150,000 on 2 buildings with a total of 18 units in the Brownsville section of Brooklyn.
- $3,790,000 construction on 2 separate buildings with a total of 16 units located in Bed-Stuy Brooklyn,
- $615,000 first mortgage on a 3 story 7 unit residential building in the Parkchester section of the Bronx
- Second mortgage of $250,000 on a 3 story plus basement walkup residential building in the Upper West Side of Manhattan.
•••
Procida’s 100 Mile Fund announced the following transactions;
- A $14,500,000 1st Mortgage Late Stage Construction Loan on a newly-constructed 133-Key Time Hotel located at 400 High Avenue, Nyack, N.Y.
- A $7,500,000 1st Mortgage Pre-Development Loan on a 19.2 acre site in Ridgefield, New Jersey.
- A $3,450,000 1ST Mortgage Bridge Loan on a 127,000 SF industrial warehouse in Ridgefield Park, NJ.
- A $16,200,000 1st Mortgage Bridge Loan on a 67,240 SF mixed-use building in Philadelphia, PA.
•••
Eastern Union Funding announced the following transactions:
- An $11,570,000 first lien mortgage to refinance an 11-unit office building in Bethlehem, PA. This transaction was negotiated by Eli Breiner
- A $10,575,000 first lien mortgage to refinance a 5-building mixed-use portfolio spanning Jersey City, Union City, and West New York, NJ. This transaction was negotiated by Ira Zlotowitz and Michael Muller
- A $9,300,000 first lien mortgage for the refinance of a 45-unit mixed-use on Myrtle Avenue in Brooklyn, NY. This transaction was negotiated by David Eisen
- A $3,500,000 first lien mortgage at 3.25% interest to refinance a 6-unit multifamily in Brooklyn. This transaction was negotiated by Motti Blau and Mendy Pfiefer
- A $1,423,500 first lien mortgage to refinance a 5-unit mixed-use on Knickerbocker Avenue in Brooklyn, NY. This transaction was negotiated by Shaya Sonnenschein and Aaron Zlotowitz
- A $1,000,000 first lien mortgage for the acquisition of a 6-unit multifamily on Stanhope Street in Ridgewood, NJ. This transaction was negotiated by Jeff Seidenfeld.
Pergolis Swartz Associates Inc. announced the following transactions:
- Barry Swartz arranged for a permanent loan in the amount of $2,400,000 for a four story building with 3 apartments and one store on Seventh Avenue in Manhattan.
- Len Solinsky obtained permanent financing in the amount of $2,800,000 for a package of three residential houses on Sumpter, Hewes and Rockaway in Brooklyn.
- Barry Swartz negotiated permanent financing in the amount of $4,500,000 for a five and a six story mixed use building on Avenue B and East 8th Street in Manhattan.
