Finance

Real Estate Weekly, August 21, 2002

Meridian Capital Group LLC announced the following transactions:

* Meridian Capital arranged financing of $13.35 million on a 98,500 square foot 8-story loft building, with 9 tenants, on W. 32nd Street in New York City. Avi Weinstock & Moshe Majeski negotiated the transaction.

* A new mortgage was placed by Meridian for $7.3 million on an 8-story 42,000 square foot office building on First Avenue in Manhattan's Upper East Side. The property will benefit from a rate of 6.75%, with a 10 year term. Allan Lieberman handled this transaction.

* Meridian negotiated new mortgages totaling $6.15 million on (2) elevator apt. buildings with 196 units on Duncan Ave./Kennedy Blvd. in Jersey City, NJ. The loans featured rates at 5.95% with 10 year terms. Israel Schubert & Elliot Treitel arranged for the financing.

* Meridian placed a new mortgage of $4.8 million on a 96 unit, 6 story multifamily building on 46th Street in Sunnyside, NY. The loan featured a rate of 5.82% and a 10 year term.

* A new mortgage of $3.12 million was placed by Meridian on a 97 unit, 6 story multifamily building on Grand Concourse in the Bronx. The loan featured a rate of 5.25% and a 10 year term.

* A new mortgage of $2.4 million was placed by Meridian on a 39 unit, 6 story mixed-use building on 87th Avenue in Jamaica, NY. The loan featured a rate of 5.82% and a 10 year term.

* Meridian placed a new mortgage of $1.04 million on a 20 unit, 5 story multifamily building on West 10 Street in New York City. The loan featured a rate of 5.375% and a 10 year term.

All the above were negotiated by Avi Weinstock.

* A new mortgage of $1.3 million was placed by Meridian on a 47 unit, 5 story multifamily building on West 204th Street in New York City. The loan featured a rate of 5.81% and a 10 year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction.

* Acquisition financing of $1.24 million was placed by Meridian Capital on a 38 unit, 5 story multifamily building on Andrews Avenue North in the Bronx. The loan representing 80% LTV featured a rate of 5.81% and a 10 year term. Allan Lieberman negotiated the transaction.

Holliday Fenoglio Fowler, L.P. arranged an $11.7 million interim/bridge loan for a 654,375 SF warehouse building in North Brunswick, N.J. Jon Mikula and Jim Cadranell arranged the financing for this transaction.

GCP Capital Group LLC announced the following transactions:

* A $3.775 million loan for a six-story apartment building on 47th Ave. in Queens, N.Y.;

* A $2.925 million loan for a six-story apartment building on 49th St. in Queens, N.Y.;

* A $3 million loan for a six-story apartment building on 40th St. in Queens, N.Y.;

* A $3.4 million loan for a six-story apartment building on Britton Ave. in Queens, N.Y.;

* A $1.9 million loan for three contiguous four-story apartment buildings on Main St. in Yonkers, N.Y.;

* A $3.1 million loan for a 33,660 SF office building in Garden City, N.Y.;

* A $1.073 million loan for a 42,000 SF warehouse building on Charlton St. in New York City;

* And a $4 million loan for five land parcels on 225th St. in the Bronx.

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

M. Tuck Capital Associates announced the following transactions:

* A $1.875 million acquisition loan for a garden apartment complex in Valley Stream, N.Y. The loan featured a 6.25% rate and a 12-year term. Brian P. Greenfield arranged the financing for this transaction;

* A $585,000 acquisition loan for a garden apartment complex in West Islip, N.Y. The loan featured a 6.25% rate and a 10-year term. Brian P. Greenfield arranged the financing for this transaction;

* A $785,000 loan for a garden apartment complex in Orange, N.J. The loan featured a 12-year term. Brian P. Greenfield arranged the financing for this transaction;

* A $1.075 million loan for a strip shopping center on Francis Lewis Boulevard in Whitestone N.Y. The loan featured a 6.75% rate, a seven-year term, and a 30-year amortization schedule. Michael E. Tuck arranged the financing for this transaction;

* A $1.145 million loan for a strip shopping center in Liberty, N.Y. The loan featured a nine-year term and a 25-year amortization schedule. Michael E. Tuck arranged the financing for this transaction.

AFC Realty Capital announced the following transactions:

* A $4 million permanent loan for a garden apartment complex in Troy, N.Y. The loan featured a 10-year term and a 30-year amortization schedule;

* A $3 million construction loan for a mid-rise apartment building in North Bergen, N.J. The loan featured a three-year term;

* A $4.35 million loan for a five-building apartment complex in Monticello, N.Y. and an eight-building apartment complex in Middletown, N.Y. The loan featured a 10-year term and a 30-year amortization schedule.

Joseph Fatony, managing director, arranged the financing for these transactions.

City & Suburban Federal Savings Bank announced the following transactions: