Finance: Real Estate

Real Estate Weekly, May 14, 2003

Meridian Capital Group LLC announced the following transactions:

* Meridian Capital procured financing of $27.5 million on a 133,580 SF office building on West 48th Street in the Rockefeller Center area of Manhattan. The property will benefit from a rate of 5.57%, with a 10-year term. Allan Lieberman and David M. Rosenberg handled this transaction.

* A new mortgage of $5.7 million was placed by Meridian on a 90 unit, 6 story apt. building on 43rd Avenue in Sunnyside, NY. The loan featured a rate of 4.71% and a 7 year term. The transaction was negotiated by Jeffrey J. Weinberg & David Ostrov.

* Meridian negotiated financing in the amount of $4.5 million on a 175 unit, 18 story co-op building on East 25 Street in Manhattan. The co-op is 76% sold and the loan featured a rate of 4.87% with a 10-year term. Steve Geller & Oren Richland placed this transaction.

* A new mortgage of $3 million was placed by Meridian on a 168 unit, 2 story co-op complex on Gardens At Bayside in Bayside, NY. The loan featured a rate of 4.93% and a 7-year term. Michael Kesselman negotiated the transaction.

* Meridian placed a new mortgage of $2.55 million on a 50 unit, 5 story apt. building on East 239th Street in the Bronx. The loan featured a rate of 4.9% and a 10-year term. Avi Weinstock & Josh Rhine negotiated the transaction.

* Meridian negotiated a new mortgage in the amount of $2.3 million on a 102 unit, 14 story coop building on Riverside Drive in New York City. The co-op is 93% sold and the loan featured a rate of 4.840% with a 10-year term. Steve Geller & Oren Richland arranged for financing.

Emigrant Funding Corporation announced the following transactions:

* A $775,000 loan for a three-story, mixed-use building in Flushing, N.Y.;

* A $217,000 loan for a three-story, mixed-use building in Union City, NJ.;

* A $550,000 acquisition loan for a single-story commercial building in the Bronx;

* A $250,000 loan for a three-story, mixed-use building in Jackson Heights N.Y.;

* A $487,500 acquisition loan for a two-story, mixed-use building in Brooklyn, N.Y.;

* A $400,000 loan for a four-story, mixed-use building in Whitestone, N.Y.;

* A $490,000 loan for a single-story commercial building in Huntington-Station, N.Y.;

* A $147,000 acquisition loan for a three-story, mixed-use building in Jersey City, N.J.;

* A $900,000 loan for a 10-story, mixed-use building in New York City;

* A $300,000 acquisition loan for a three-story, mixed-use building in Auburndale, N.Y.;

* A $600,000 loan for a single-story commercial building in Middle Village, N.Y.;

* A $180,000 loan for a three-story, mixed-use building in Brooklyn, N.Y.;

* A $150,000 loan for a three-story apartment building in Brooklyn,; N.Y.,

* A $700,000 loan for a three-story apartment building in Mamaroneck, N.Y.,

* A $350,000 loan for a mixed-use building in Jamaica Estates, N.Y.;

* A $500,000 loan for a two-story, mixed-use building in Brooklyn, N.Y.;

* A $450,000 acquisition loan for an apartment building in Bayside, N.Y.;

* A $250,000 loan for a four-story, mixed-use building in Brooklyn, N.Y;

* A $507,000 loan for a two-story, mixed-use building in Yonkers, N.Y.;

* A $225,000 loan for a four-story apartment building in Hackettstown, NJ.;

* A $300,000 loan for a four-story apartment building in Brooklyn, N.Y.,

* A $250,000 loan for a two-story, mixed-use building in Brooklyn, N.Y.;

* A $325,000 loan for a five-story co-op building in New York City;

* A $500,000 loan for a four-story apartment building in Brooklyn, N.Y.;

* A $1.5 million loan. for a five-story apartment building in New York City;

* A $275,000 acquisition loan for a three-story, mixed-use building in the Bronx;

* A $225,000 acquisition loan for a two-story, mixed-use building in New Hyde Park, N.Y.;

* An $800,000 loan for a five-story, mixed-use building in New York City;

* A $102,000 loan for a four-story, co-op building in Brooklyn, N.Y.;

* A $125,000 loan for a four-story co-op building in Brooklyn, N.Y.

David Cronheim Mortgage Corporation arranged a $5 million permanent loan for a three-building, 159,930 SF industrial property on Walsh Drive in Parsippany, NJ. The loan featured a 10-year term and a 25-year amortization schedule. James Risko arranged the financing for this transaction.

City & Suburban Federal Savings Bank announced the following transactions:

* A $4.7 million loan for an apartment building on E. 81st St. in New York City;

* A $2.7 million loan for a building on W. 29th St in New York City;

* A $1.4 million loan for a co-op building on E. 12th St. in New York City;.

* A $1.35 million loan for a mixed-use building on York Ave. in New York City;

* A $1.23 million loan for a commercial building on Tremont Ave. in the Bronx;

* An $800,000 loan for a mixed-use building on Ave. B in New York City;

* A $700,000 loan for a building on W. 71st St. in New York City;

* A $500,000 loan for a building on Washington Ave. in Brooklyn, N.Y.

Joe Laquidara, Charlie Persico, and David Mount arranged the financing for these transactions.

Holliday Fenoglio Fowler, L.P. arranged a first mortgage for an 84,859 SF medical building in Hackensack, N.J. Thomas Didio arranged the financing for this transaction.