Real estate

Real Estate Weekly, Jan 16, 2002

Meridian Capital Group announced the fob lowing transactions:

* A $20.48 million new mortgage for 20 multifamily buildings in the Bronx. The loan featured a 6.25% rate and a 10-year term. Michael Kesselman arranged the financing for this transaction;

* A $12.8 million new mortgage for a 16-story mixed-use building on E. 21st St. in New York City. The loan featured a 6.5% rate and a seven-year term. Avi Weinstock arranged the financing for this transaction;

* A $5.175 million new mortgage for five multifamily buildings in the Bronx. The loan featured a 10-year term. David Hayum arranged the financing for this transaction;

* A $4.75 million new mortgage for a 32,600 SF condominium project on Dean St. in Brooklyn, N.Y. The loan featured a two-year term. Elliott Y. Birnbaum and Yigal Y. Niasoff arranged the financing for this transaction;

* A $1.515 million new mortgage for a six-story multifamily building on Prospect Park Southwest in Brooklyn, N.Y. The loan featured a 6.5% rate and a 10-year term. Allan Lieberman arranged the financing for this transaction;

* A $1.275 million new mortgage for a five-story multifamily building on Andrews Ave. in the Bronx. The loan featured a 6.75% rate and a 10-year term. David Ganz arranged the financing for this transaction.

Houlihan-Parnes/iCap Realty Advisors arranged a $17.5 million acquisition loan for 13 apartment buildings in Orange and Elizabeth, N.J. The loan featured a three-year term and a rate floating over LTBOR. James J. Houlihan arranged the financing for this transaction.

ARCS Commercial Mortgage Co. arranged a $5.5 million mortgage loan for River Terrace, an apartment building in Riverdale, N.Y. The loan featured a 7.08% rate, a 30-year term, and a 30-year amortization schedule.

ARCS Commercial Mortgage Co. arranged a $3.545 million second mortgage for Woodcliff Estate, an apartment building in Hartford, Conn. The loan featured a 7.61% rate, an 11-year term, and a 30-year amortization schedule.

Winter & Company arranged a $6 million mortgage for a nine-story, 68,000 SF office building on E. 40th St. in New York City. The loan featured a 7.33% rate, a 10-year term, and a 30-year amortization schedule.