Real Estate Finance

Real Estate Weekly, March 6, 2002

Meridian Capital Group announced the following transactions:

* A new mortgage for $10.425 million on a commercial building on West 27 Street. The property will benefit from a rate of 6.75%, with a 7-year term. Saul Filler & Avi Weinstock handled this transaction.

* A new mortgage was placed for $10.4 million on a commercial building on Park Avenue South. The property will benefit from a rate of 6.625%, with a 7-year term. Filler & Weinstock negtiated this transaction.

* A new mortgage of $6.125 million was placed on a 125-unit, 8-story multifamily building on West 92nd Street. The loan featured a rate of 6.625% and a 7-year term. The transaction was negotiated by Aaron M. Birnbaum, & Samuel M. Spinner.

* A new mortgage of $4.8 million was arranged on a 49-unit, 4-story multifamily building on McKibbin Street in Brooklyn. The loan featured a rate of 6.75% and a 10-year term. Michael Kesselman & Birubaum negotiated the transaction.

* A new mortgage of $3.52 million on a 120 unit, 6-story multifamily building on Washington Avenue in Brooklyn. The loan featured a rate of 6.44% and a 10-year term. The transaction was negotiated by Scott Assouline.

* A new mortgage of $2.4 million was placed on a 9-unit, 5-story multifamily building on East 12th Street. The loan featured a rate of 6.5% and a 10-year term. Assouline & Moshe Majeski negotiated this transaction.

* A new mortgage of $1.7 million on a 65-unit, 6-story walk-up apartment building on Wadsworth Terrace in Inwood. The loan featured a 10-year term. Morris Diamant negotiated the transaction.

* A new mortgage of $1.425 million was placed on a 1-story commercial building on Suffolk Avenue in Brentwood. The loan featured a 10-year term. Charles Grussgott negotiated the transaction.

* A new mortgage of $1.28 million was placed on a 73-unit, 6-story multifamily building on Gerard Avenue in the Bronx. The loan featured a rate of 6.54% and a 10-year term. The transaction was negotiated by Kesselman.

Pergolis Swartz Associates Inc. announced the following transactions:

* A $3.5 million permanent mortgage for a six-story apartment building in New York City;

* A $6.65 million loan for four apartment buildings on the Lower East Side in New York City;

* A $2.25 million permanent mortgage for three apartment buildings in New York City;

* A $5.1 million interim financing for an elevator apartment building on the Upper East Side in New York City;

* A $1.275 million permanent loan for a five-story apartment building in New York City.

Barry Swartz arranged the financing for this transactions.

Holliday Fenoglio Fowler, L.P. arranged a $19.6 million permanent loan for New Hampshire Commons, a 12-building apartment complex in Lakewood, N.J. The loan featured a 10-year term. Jon Mikula, senior director, and Jim Cadranell, associate director, arranged the financing for this transaction.

M. Robert Goldman & Company, Inc. arranged an $18 million financing for a 150,000 SF office building in Melville, N.Y. The loan featured a 12-year term. Robert Gladitsch, vice president, arranged the financing for this transaction.

Time Equities, Inc. announced the following transactions:

* A $14 million underlying mortgage for a cooperative apartment complex in Queens, N.Y. The loan featured a 15-year term and a 6.33% rate;

* A $2.45 million first mortgage for two adjoining apartment buildings on Claremont Ave. in the Bronx. The loan featured a 6.5% rate;

* A $2.625 million construction loan for a five-story apartment building in Queens, N.Y.;

* A $750,000 first mortgage for a five-story, walk-up apartment building on Perry St. in New York City;

* A $ 1.1 million first mortgage for six retail condominiums on Park Ave. and 96th St. in New York City;

* A $1.3 million first mortgage for a five-story, walk-up apartment building on E. 11th St. in New York City.

David Cronheim Mortgage Corporation arranged a $4.74 million refinancing for Heritage Place, a 49,115 SF retail center in Flemington, N.J. The loan featured a 10-year term. Andrew Stewart arranged the financing for this transaction.

John H. Bottjer & Co. arranged a $1.25 million for a six-story, elevator building on Union Ave. in New Rochelle, N.Y. The loan featured a 10-year term and a 6.875% rate.

The National Cooperative Bank announced the following transactions:

* A $7.5 million first mortgage for a co-op building in Bayside, N.Y. Edward Howe III, managing director, arranged the financing for this transaction;

* A $3 million first mortgage for a co-op building on 80th St. in Jackson Heights, N.Y. Edward Howe III arranged the financing for this transaction;

* A $2 million first mortgage for a co-op building on 81st St. in Jackson Heights, N.Y. Edward Howe m arranged the financing for this transaction;

* A $1.65 million first mortgage for a co-op building in Riverdale, N.Y. Edward Howe HI arranged the financing for this transaction;

* A $1.3 million first mortgage for a co-op building in Freeport, N.Y. Edward Howe III arranged the financing for this transaction;

* A $500,000 first mortgage for a co-op building on Ocean Ave. in Brooklyn, N.Y. Edward Howe III arranged the financing for this transaction;