Meridian Capital announced the following transactions:
- A new mortgage in the amount of $3,475,000 on a six-story, 22-unit multifamily property located on East 149th Street in the Bronx, NY. The loan features a rate of 2.875% and a three-year term. Allan Lieberman and Asher Haft negotiated this transaction.
- A new mortgage of $4,000,000 was placed on a mixed-use property with eight residential units and 7,000 square feet of commercial space located on Ocean Avenue in Brooklyn, NY. The loan features a rate of 3.28% and a five-year term. This transaction was negotiated by Brian Flax and Blake Orman.
- New mortgages totaling $3,280,000 on two multifamily properties comprised of 61 units located on South Arlington Avenue and North Oraton Parkway in East Orange, NJ. The loans feature rates of 3.125% and five-year terms. Morris Diamant and Tzvi Krieger negotiated these transactions.
- New mortgages totaling $3,200,000 were placed on four multifamily properties comprised of 24 units located on Central Avenue, Griffith Street and Hutton Street in Jersey City, NJ. The loans feature rates of 3.25% and five-year terms. These transactions were negotiated by Judah Hammer and Daniel Neiss.
- A new mortgage in the amount of $2,600,000 on a five-story, 33-unit multifamily property located on Creston Avenue in the Bronx, NY. The loan features a rate of 3.125% and a five-year term. Michael Kesselman and Kerry Brick negotiated this transaction.
- A new mortgage of $2,500,000 was placed on a six-unit multifamily property located on Grand Street in Brooklyn, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Brian Flax and Ami Levin.
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GCP Capital Group LLC arranged mortgage financing in the aggregate amount of $55,775,000 for the following properties:
- $37,000,000 for a 14-story apartment building containing 69 units and approx. 5,500 square feet of commercial space, located in the West Village neighborhood of Manhattan. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $10,000,000 for a six-story multi-family apartment building containing 36 units, located in the Williamsburg section of Brooklyn, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $5,700,000 for a neighborhood shopping center comprised of approx. 42,800 square feet, located in Croton-on-Hudson, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $1,875,000 for 2 two-story apartment buildings containing a total of 8 units, located on Hancock Street in Queens, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
- $1,200,000 for a four-story apartment building containing 8 units, located on Edgecombe Avenue in Manhattan, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for this transaction.
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Eastern Union Funding announced the following transactions:
- A $5,100,000 first lien mortgage for the acquisition of a 42-unit multifamily on E 3rd St. in Brooklyn, NY. This transaction was arranged by Jack Beida and Michael Muller.
- A $4,600,000 first lien mortgage for the refinance of a 10-unit multifamily on Manhattan Ave. in Brooklyn, NY. This transaction was arranged by David Eisen.
- A $4,000,000 first lien mortgage for the refinance of a 41-unit multifamily on Brighton 13th St. in Brooklyn, NY. This transaction was arranged by Jack Beida and Moshe Lipschitz.
- A $3,800,000 first lien mortgage for the acquisition of a 39-unit multifamily on 43rd St. in Brooklyn, NY. This transaction was arranged by Jack Beida and Moshe Lipschitz.
- A $3,500,000 first lien mortgage for the refinance of a 9-unit multifamily on 5th Ave. in New York, NY. This transaction was arranged by Jonathan Singer.
- A $3,200,000 first lien mortgage for the acquisition of a 39-unit multifamily on Howe St. in New Haven, CT. This transaction was arranged by Jonathan Singer.
- A $2,340,000 first lien mortgage for the acquisition of a 42-unit mixed-use on Park Heights Ave. in Pikesville, MD. This transaction was arranged by Marc Tropp.
- A $2,000,000 first lien mortgage for the refinance of a single tenant on W Landis Ave. in Vineland, NJ. This transaction was arranged by Abraham Bergman.
- A $1,800,000 first lien mortgage for the refinance of a 4-unit multifamily on W 121st St. in New York, NY. This transaction was arranged by Jay Tyberg and Moti Amsel.
- A $800,000 first lien mortgage for the refinance of a single tenant on Delsea Dr. in Glassboro, NJ. This transaction was arranged by Moshe Lipschitz.
- A $7,125,000 first lien mortgage for the acquisition of two multifamily complexes in Ulster County, N.Y. This transaction was arranged by Jeffrey Seidenfeld.
