Real estate finance

Real Estate Weekly, Feb 20, 2002

Meridian Capital Group announced the following transactions:

* An $8 million mortgage for a three-story, 103,675 SF office building in Mountainside, N.J. The loan featured a 10-year term. Morris Diamant and David M. Rosenberg arranged the financing for this transaction;

* A $3.6 million mortgage for a six-story multifamily building on Sherman Ave. in New York City. The loan featured a 6.01% rate and a 10-year term. Cary E. Pollack arranged the financing for this transaction;

* A $3.4 million mortgage for a six-story mutlifamily building on Lefferts Ave. in Brooklyn, N.Y. The loan featured a 6.74% rate and a 10-year term. Avi Weinstock arranged the financing for this transaction;

* A $2.24 million mortgage for a six-story multi-family building on W. 144 St. in New York City. The loan featured a 6.74% rate and a 10-year term. Avi Weinstock arranged the financing for this transaction;

* A $1.25 million mortgage for a 10,000 SF commercial building on Sheepshead Bay Road in Brooklyn, N.Y. The loan featured a 10-year term. Scott Assouline and Avi Weinstock arranged the financing for this transaction;

* A $1.4 million mortgage for a six-story multifamily building on Weeks Ave. in the Bronx. The loan featured a 6.4% rate and a 10-year term. Allan Lieberman arranged the financing for this transaction.

Holliday Fenoglio Fowler, L.P. arranged a $28 million leasehold financing for One Riverfront Plaza, a 20-story, 418,00 SF office tower in Newark, N.J. The loan featured a 10-year term and a 30-year amortization schedule. Tom Didio, senior managing director, and Jim Cadranell, associate director, arranged the financing for this transaction.

Winter & Company arranged acquisition financing for a 28,000 SF Circuit City store in Holbrook, N.Y. The loan featured a 7.375% rate and an 18-year term. Henry Berliss and Gregg Winter arranged the financing for this transaction.

GCP Capital Group LLC announced the following transactions:

* A $2,137,500 loan for two adjacent, five-story apartment buildings on South Broadway in Yonkers, N.Y.;

* A $1.775 million loan for a five-story, walkup apartment building on Clinton St. in New York City;

* A $2.2 million loan for a six-story elevator apartment building on Broadway in New York City;

* A $1.7 million loan for five walk-up apartment buildings on W. 146th St. in New York City;

* A $1,312,500 loan for a five-story, walk-up apartment building on W. 187th St. in New York City.

Matthew Classi, Adam Brostovski, and Louis Perlmutter arranged the financing for these transactions.

GCP Capital Group LLC announced the following transactions:

* A $1.35 million loan for a four-story apartment building on 104th St. in Queens, N.Y.;

* A $1.35 million loan for a five-story, walk-up apartment building on E. 89th St. in New York City;

* A $1.98 million loan for a five-story, walk-up apartment building on Bainbridge Ave. in the Bronx;

* A $1.68 million loan for two five-story, walk-up apartment buildings on W. 188th St. and W. 189th St. in New York City;

* A $1.38 million loan for a five-story, walk-up apartment building on St. Nicholas Ave. in New York City.

Matthew Classi, Paul Greenbaum, and Adam Brostovski arranged the financing for these transactions.

GCP Capital Group LLC announced the following transactions:

* A $2.1 million permanent loan for a five-story apartment building in Mineola, N.Y. Alan Perlmutter and Matthew Classi arranged the financing for this transaction;

* A $2 million permanent loan for a six-story apartment building in Jackson Heights, N.Y. Alan Perlmutter and Matthew Classi arranged the financing for this transaction;

* A $2.814 million acquisition loan for a nine-story elevator building on Henry St. in New York City. Adam Brostovski arranged the financing for this transaction;

* A $16.5 million permanent loan for a 19-story multi-family building on Rivington St. in New York City. Adam Hakim and Matthew Classi arranged the financing for this transaction;

* A $3.5 million permanent loan for a 10-story elevator apartment building on Broadway in New York City. Paul Greenbaum and Adam Brostovski arranged the financing for this transaction.

David Cronheim Mortgage Corporation arranged a $15 million financing for Hidden Creek Apartments, a garden-style apartment complex in Berkeley, N.J. The loan featured a 7% rate, a 10-year term, and a 30-year amortization rate.