Real finance estate

Real Estate Weekly, May 28, 2003

Meridian Capital Group LLC announced the following transactions:

* Meridian Capital Group procured financing of $11,635,000 on (3) 6-story apt. buildings totaling 221 units on Crescent Street in Astoria, NY. The loans featured a rate of 4.09% and 10 year terms. Avi Weinstock negotiated these transactions.

* A new mortgage of $5.12 million was placed by Meridian on a 116 unit, garden apt. complex on Ward Avenue in Bordentown, NJ. The loan featured a rate of 4% and a 10 year term. Avi Weinstock negotiated the transaction.

* Meridian placed a new mortgage of $4 million on a 182 unit, 2 story apt. complex located along Ocean Parkway in Brooklyn, NY. The loan featured a step-up rate starting at 4.5% for a 10 year term. Allan Lieberman negotiated the transaction.

* A new mortgage of $3 million was placed by Meridian on a 52 unit, 6-story apt. building on East 3rd Street in New York City. The loan featured a rate of 4.16% and a 10 year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction.

* A new mortgage of $2 million was placed by Meridian on a 47 unit, 12 story apt. building on West End Avenue in Manhattan. The loan featured a rate of 4.35% and a 10 year term. Arthur Preisler negotiated the transaction.

* A new mortgage of $1.65 million was arranged by Meridian on a 24 unit, 6 story apt. building on Jones Street in New York City. The loan featured a rate of 4.65% and a 10 year term. Scott Assouline negotiated the transaction.

Pergolis Swartz announced the following transactions:

* A $2.2 million permanent mortgage for a seven-story apartment building on Third Ave. in New York City;

* A $2.7 million permanent loan for a strip shopping center in Brooklyn, N.Y.;

* A $5.8 million permanent mortgage for a 41,000 SF office building in Darien, Conn.;

* A $2.1 million permanent loan for a five-story apartment building on Mott St. in New York City;

* A $1.875 million permanent loan for a five-story apartment building in New York City;

* A $1.85 million permanent mortgage for an apartment building in New York City;

* A $1.95 million permanent loan for an apartment building in New York City;

* A $2 million permanent loan for a two-story, mixed-use building on Seventh Ave. in New York City;

* A $6.3 million permanent first mortgage for two five-story apartment buildings and one six-story apartment building in the Bronx;

* A $3.5 million permanent loan for a six-story apartment building in the Bronx;

* A $3.1 million permanent loan for a six-story apartment building in the Bronx;

* A $4 million permanent loan for a six-story apartment building in the Bronx;

* A $1.4 million permanent loan for a five-story apartment building in New York City;

* A $2 million permanent loan for a 50,000 SF office building in New York City;

* A $3 million permanent loan for a housing center in Bohemia, N.Y.;

* A $1 million permanent mortgage for a taxpayer building in the Bronx;

* A $1.2 million acquisition loan for an office building in New York City;

* A $5 million permanent mortgage for a six-story apartment building in New York City;

* A $1.2 million loan for a 20,000 SF taxpayer building in Rockville Center, N.Y.;

* A $1.1 million loan for an industrial/office building in Brooklyn, N.Y.;

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

* A $2 million permanent loan for a six-story apartment building in Brooklyn, N.Y.;

* A $4.3 million permanent mortgage for a mixed-use building in Queens, N.Y.;

* A $2.2 million permanent loan for a garden apartment complex in Bayshore, N.Y.;

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

* A $1.425 million permanent mortgage for an apartment building on Third Ave. in New York City;

* A $1.75 million permanent loan for an apartment building on Second Ave. in New York City.

GCP Capital Group LLC announced the following transactions:

* A $23.5 million loan for a 192,000 SF mixed-use property in Brooklyn, N.Y.;

* A $3.5 million loan for the development of two seven-story residential buildings in New York City;

* A $1.95 million loan for a six-story apartment building on W. 164th St. in New York City;

* A $3.75 million loan for a four-story commercial building on Moore St. in Brooklyn, N.Y.;

* A $4.05 million loan for a six-story apartment building on W. 184th St. in New York City.

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

GMAC Commercial Mortgage Corporation arranged a $55 million permanent loan for an 843,000 SF retail center in Atlantic City, NJ. Daniel Monte arranged the financing for this transaction.

Column Financial, Inc. arranged a $1.009 million loan for a multi-family project in Hyde Park, N.Y. The loan featured a ten-year term and a 25-year amortization schedule.