Finance

Real Estate Weekly, March 5, 2003

Meridian Capital Group LLC announced the following transactions:

* Meridian Capital Group negotiated a new mortgage in the amount of $18.3 million on a 431 unit, 22 story luxury co-op building on Henry Hudson Parkway in the Riverdale section of the Bronx. The co-op is 48% sold and the loan featured a rate of 6.04% with a 15 year interest only term. Allan Lieberman and Michael Kesselman arranged for the financing.

* A new mortgage of $13,555,350 was placed by Meridian on a purchase of a 115 unit, 6 story apt. building on Thompson Street in New York City. The loan featured a rate of 5.25% and a 10 year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction.

* Meridian placed a new mortgage of $3.52 million on a 84 unit, 6 story apt. building on Kenilworth Place in Brooklyn, NY. The loan featured a rate of 5.03% and a 7 year term. Jeffrey 3. Weinberg & David Ostrov negotiated the transaction.

Meridian arranged financing of $3 million on a 11 unit, 6 story commercial building on West 38th Street in Manhattan. The loan featured a rate of 6.125% and a 15 year term. David Ganz negotiated the transaction.

Meridian arranged a new mortgage for $2.7 million on a 152,371 sq. ft. industrial building on Route 59 in Hillburn, NY. The property will benefit from a rate of 6.75%. Arthur Preisler handled this transaction.

A new mortgage of $2.56 million was arranged by Meridian on a 83 unit, 6 story apt. building on Castle Hill Avenue in the Bronx. The loan featured a rate of 5.2% and a 7 year term. Cary E. Pollack negotiated the transaction.

Pergolis Schwartz announced the following transactions:

* A $1.85 million permanent loan for a six-story apartment building in New York City;

* A $14 million permanent loan for a 304,357 SF office building in Brooklyn, N.Y.;

* A $1.763 million permanent loan for a 15,000 SF retail building in Port Jefferson, N.Y.;

* A $1.7 million leasehold mortgage for land on Broadway in New York City;

* A $1.05 million loan for an apartment building on First Ave. in New York City;

* A $1 million permanent loan for a two-story commercial building in the Bronx;

* A $9 million permanent loan for a five-story apartment building in New York City;

* A $2.8 million permanent loan for a multifamily building in Brooklyn, N.Y.;

* A $9 million permanent loan for an office building in New York City;

* A $2 million permanent loan for three five-story apartment buildings in New York City;

* A $10 million permanent loan for a hotel building in Newark, N.J.;

* A $4 million permanent loan for two six-story apartment buildings in New York City;

* A $1.5 million permanent loan for an apartment building in New York City.

Houlihan-Parnes! iCap Realty Advisors, LLC arranged a $4 million first mortgage for a 60,000 SF shopping center in Westchester, N.Y. The loan featured a 6.75% rate and a 10-year term.

GCP Capital Group LLC announced the following transactions:

* A $2.975 million loan for a five-story apartment building on W. 105th St. in New York City;

* A $2.1 million loan for a seven-story apartment building on Brooklyn Ave. in Brooklyn, N.Y.;

* A $2.9 million loan for two walk-up apartment buildings on Thompson St. in New York City;

* A $6.2 million loan for four contiguous six-story apartment buildings on Seaman Ave. in New York City.

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

G.S. Wilcox & Co. announced the following transactions:

* An $11.725 million loan for three warehousing facilities in the Meadowlands, N.J.;

* A $7.4 million loan for a 101,323 SF, mixed-use building in Union City, N.J.;

* A $4 million loan for a 14,170 SF retail building in Pearl River, N.Y.;

* A $2.7 million loan for a 91,000 SF office building in East Hanover, N.J.;

* A $2 million loan for a two-building, 20,000 SF industrial facility in Newark, N.J.;

* A $1.5 million loan for a 38,000 SF office building in Somerset, N.J.

Gretchen S. Wilcox, David Fryer, John Taylor, Al Raymond, and Joe Smerdon arranged the financing for these transactions.