Real estate finance

Real Estate Weekly, May 22, 2002

Meridian Capital Group announced the following transactions:

* A $9 million mortgage for a six-story, multifamily building on 77th St. in Jackson Heights. The loan featured a 6.25% rate and a seven-year term. Avi Weinstock arranged the financing for this transaction;

* A $6.5 million mortgage for a five-story, multi-family building on Third Ave. in Manhattan. The loan featured a 6.5% rate and a 10-year term. Scott Assouline arranged the financing for this transaction;

* A $6 million mortgage for a 144,000 SF office building on W. 24th St. in New York City. The loan featured a 6.5% rate and a seven-year term. Aaron M. Birnbaum and Carol Shelby arranged the financing for this transaction;

* A $2.1 million mortgage for a co-op apartment building on Vincent Road in Bronxville, N.Y. The loan featured a 12-year term. Samuel M. Spinner arranged the financing for this transaction;

* A $2 million mortgage for a garden style apartment complex on Park Ave. in Plainfield, N.J. The loan featured a 6.375% rate and a 10-year term. Avi Weinstock arranged the financing for this transaction;

* A $2 million mortgage for a 12,100 SF retail building on Flatbush Ave. in Brooklyn, N.Y. The loan featured a 6.75% rate and a 10-year term. Morris Diamant and Moshe Majeski arranged the financing for this transaction;

* A $1.7 million mortgage for a six-story, multifamily building on Wiliiamsbridge Road in the Bronx. The loan featured a 6.75% rate and a 15-year term. Michael Kesselman arranged the financing for this transaction;

* A $1.25 million mortgage for a two-story garden apartment building on Amboy Road in Staten Island, N.Y. The loan featured a 6.75% rate and a 10-year term. David Ganz arranged the financing for this transaction.

Houlihan-Parnes Realtors, LLC/iCap Realty Advisors arranged a first mortgage for a five-story, walk-up apartment building on Morris Ave. in the Bronx. The loan featured a 6.375% rate, a 10-year term, and a 30-year amortization schedule. Jeremiah A. Houlihan arranged the financing for this transaction.

Time Equities, Inc. announced the following transactions:

* A $1.25 million first mortgage and an $800,000 line of credit for a nine-story, elevator apartment building on E. 49th St. in New York City;

* A $1.915 million first mortgage for two adjacent five-story apartment buildings on the First Ave. in New York City. The loan featured a 6.375% rate and a seven-year term;

* A $2.1 million first mortgage for a five-story, walk-up apartment building on York Ave. in New York City. The loan featured a 6.375% rate and a seven-year term;

* A $1.729 million first mortgage for a six-story, elevator apartment building on Anthony Ave. in the Bronx. The loan featured a 6.5% rate and a 10-year term;

* A $625,000 first mortgage for a five-story loft building on W. 26th St. in New York City. The loan featured a 6.75% rate;

* A $1.995 million first mortgage for three adjoining buildings on Greenwich St. in New York City. The loan featured a 6.625% rate;

* A $1.3 million first mortgage for a five-story, walk-up apartment building on First Ave. in New York City. The loan featured a 6.5% rate;

* A $1.6 million first mortgage for a mixed-use building on Main St. in Bay Shore, N.Y. The loan featured a 7.25% rate;

* A $1.05 million first mortgage for a mixed-use building on Remsen St. in Brooklyn, N.Y. The loan featured a 6.75% rate;

* A $1.8 million bridge loan for two five-story, walk-up apartment buildings in New York City.

David Cronheim Mortgage Corporation arranged a $1.95 million loan for a two-story, 26,536 SF office building on Floral Ave. in New Providence, N.J. The loan featured a 15-year term and a 15-year amortization schedule. Frank Sullivan arranged the financing for this transaction.

Holliday Fenoglio Fowler, L.P. arranged a $2.4 million loan for a Home Depot store in Clifton Park, N.Y.

Houlihan-Parnes Realtors, LLC/iCap Realty Advisors arranged a $10.6 million permanent loan for a luxury apartment complex in Scarsdale, N.Y. The loan featured a 7.25% rate, a seven-year term, and a 30-year amortization schedule. Gus Costaldo arranged the financing for this transaction.

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

* A $4 million mortgage for a 75,000 SF office building in Piscataway, N.J. The loan featured a 15-year term;

* A $4.7 million loan for an apartment complex in Madison, N.J. The loan featured a 15-year term;

* A $4 million loan for an apartment complex in Westfield, N.J. The loan featured a 10-year term and a 30-year amortization schedule;

* A $5.35 million permanent loan for a self-storage facility in Montville, N.J. The loan featured a 10-year term and a 22-year amortization schedule;

* An $8.5 million loan for a 70,677 SF shopping center Cedar Grove, N.J. The loan featured a 10-year term and a 30-year amortization schedule.

Winter & Company announced the following transactions:

* A $2 million loan for two mixed-use properties on E. 18th St. and W. 72nd St. in New York City. The loan featured a 6.5% rate, a five-year term, and a 30-year amortization schedule. Henry Berliss, executive vice president, arranged the financing for this transaction;