Real Estate: Finance

Real Estate Weekly, June 4, 2003

National Cooperative Bank announced the following transactions:

* A $7 million first mortgage and a $2 million line of credit for a co-op building on Rockledge Ave. in Ossining, N.Y.;

* A $4 million first mortgage and a $2 million line of credit for a co-op building on Prospect Ave. in Hackensack, N.J.;

* A $3.6 million first mortgage and an $800,000 line of credit for a co-op building on E. 72nd St. in New York City;

* A $2.4 million first mortgage and a $500,000 line of credit for a co-op building on E. 79th St. in New York City;

* A $1.9 million line of credit for a co-op building on Grand Cove Way in Edgewater, N.J.;

* A $1.5 million first mortgage and a $500,000 line of credit for a co-op building on Brompton Road in Great Neck, N.Y.;

* A $1.15 million first mortgage and a $400,000 line of credit for a co-op complex on Yellowstone Boulevard in Forest Hills, N.Y.;

* A $700,000 first mortgage for a co-op building on Mulford Place in Hempstead, N.Y.;

* A $500,000 line of credit for a co-op building on W. 181st St. in New York City;

* A $450,000 first mortgage for a co-op building on W. 17th St. in New York City;

* A $6 million first mortgage and a $1 million line of credit for a co-op building on Third Ave. in New York City;

* A $2.5 million first mortgage and a $500,000 line of credit for a co-op building on 84th Ave. in Kew Gardens, N.Y.;

* A $2.1 million first mortgage and a $500,000 line of credit for a co-op building on W. 20th St. in New York City;

* A $2.1 million first mortgage for a co-op building on E. 84th St. in New York City;

* A $1.7 million first mortgage and a $500,000 line of credit for a co-op building on W. 108th St. in New York City;

* A $1.67 million first mortgage and a $100,000 line of credit for a co-op building on McLean Ave. in Yonkers, N.Y.;

* A $1.12 million first mortgage for a co-op building on W. 67th St. in New YorkCity;

* A $500,000 first mortgage and a $200,000 line of credit for a co-op building on Barrow St. in New York City;

* A $6.5 million first mortgage and a $1 million line of credit for a co-op building on Riverside Drive in New York City;

* A $2.7 million first mortgage and a $250,000 line of credit for a co-op complex on Nagle Ave. and Bogardus Place in New York City;

* A $1.3 million first mortgage and a $1 million line of credit for a co-op building on Madison Ave. in New York City;

* A $1.25 million first mortgage for a co-op building on Central Park Ave. in Yonkers, N.Y.;

* A $700,000 first mortgage and a $250,000 line of credit for a co-op building on W. 58th St. in New York City;

* A $625,000 first mortgage and a $275,000 line of credit for a co-op building on Broadway in New York City;

* A $450,000 first mortgage and a $150,000 line of credit for a co-op building on W. 121st St. in New York City.

Edward Howe III, managing director, Sheldon Gartenstein, senior vice president, and Mindy Goldstein, vice president, arranged the financing for these transactions.

David Cronheim Mortgage Corporation arranged a $7.6 million permanent loan for a four-building office portfolio on Corporate Boulevard in South Plainfield, N.J. The loan featured a 10year term. Andrew Stewart arranged the financing for this transaction.

Roslyn Savings Bank has provided a $19.5 million construction loan for the conversion of a warehouse and factory site in Queens, N.Y. into a co-op complex.

GCP Capital Group LLC announced the following transactions:

* A $32 million loan for a to-be-built 244,000 SF retail property in Mount Vernon, N.Y.;

* A $5.5 million renovation loan for a seven-story apartment building on Ave. C in New York City;

* A $3.4 million loan for a six-story apartment building on Fort Washington Ave. in New York City;

* A $2.7 million loan for a five-story apartment building on Vermilyea Ave. in New York City;

* A $3.863 million loan for a two-story commercial building in Fort Salonga, N.Y.

Matthew Classi, Adam Hakim, Paul Greenbaum, and Adam Brostovski arranged the financing for these transactions.

Holliday Fenoglio Fowler, L.P. arranged a $5.6 million acquisition loan for a warehouse facility on Robert Pitt Drive in Monsey, N.Y. Tom Didio arranged the financing for this transaction.