Business Services Industry

Real Estate Finance

Real Estate Weekly, July 2, 2003

Meridian Capital Group LLC announced the following transactions:

* Meridian arranged a new mortgage of $7.936 million on (2) 7 story apt. buildings totalling 176 units, on Cooper Landing Road in Cherry Hill NJ. The loan featured a 10-year term. Scott Assouline negotiated the transaction.

* Meridian arranged financing of $5.55 million on a 272 unit, 16 story coop building on 215th Street in Bayside, NY. The loan featured a rate of 4.9% and a 10 year term. David Ganz & Jeffrey J. Weinberg negotiated the transaction.

* A new mortgage was placed by Meridian for $5.5 million on a 60,000-SF commercial building on Seventh Avenue in New York City. The property will benefit from a rate of 5.75% with a 7 year term. Jeffrey J. Weinberg & David Ostrov handled this transaction.

* Meridian placed a new mortgage of $2.32 million on a 41 unit, 2 story apt. building on Maple Avenue in Rockville Centre, NY. The loan featured a rate of 4.75% and a 10 year term. Cary E. Pollack negotiated the transaction.

* A new mortgage of $1.8 million was arranged by Meridian on a 48 unit, 6 story apt. building on Quentin Road in Brooklyn, NY. The loan featured a rate of 4.96% and a 7 year term. Avi Weinstock and Josh Rhine negotiated the transaction.

* A new mortgage of $1.675 million was placed by Meridian on a 17 unit, 5 story apt. building on York Avenue in New York City, The loan featured fixed rate financing of 3.94%, Jeffrey J. Weinberg negotiated the transaction.

* A new mortgage of $800,000 plus a $200,000 line of credit was placed by Meridian on a 40 unit, 5 story co-op building on West 44th Street in New York City. The loan featured a rate of 4.330% and a 10 year term. Daniel Hanono negotiated the transaction.

M. Robert Goldman & Company, Inc. arranged a $30.8 million loan for a 218,595 SF shopping center in Patchogue, N.Y. The loan featured a 20-year rate and a 25-year amortization schedule. Jonathan Goldman, executive vice president, arranged the financing for this transaction.

GMAC Commercial Mortgage Corporation arranged a $3 million permanent loan for a three-story, 43,500 SF office building on Old Country Road in Garden City, N.Y. David Fishier, vice president, arranged the financing for this transaction.

Mercury Capital Corporation arranged a $2.5 million first mortgage for a partially completed condo project in Brooklyn, N.Y. The loan featured a one-year term.

Houlihan Parnes/iCap Realty Advisors arranged a $10 million first mortgage for an 111,000 SF office building on Route 46 in Mountain Lakes, N.J. The loan featured a 5.5% rate, a 10-year term, and a 30-year amortization schedule. Jack Houlihan arranged the financing for this transaction.

GCP Capital Group LLC announced the following transactions:

* A $21 million loan for a package of 2 apartment buildings in New York City;

* A $4.34 million loan for a six-story apartment building on Vermilyea Ave. in New York City.

* A $2.6 million loan for two six-story apartment buildings or St. Nicholas Ave. in New York City;

* A $4 million loan for three five-story apartment buildings on W. 175th St. in New York City;

* A $2 million loan for two six-story, mixed-use buildings on Eagle St. in Brooklyn, N.Y.

Matthew Classi Adam Brostovski, Paul Greenbuam, Mathhew Albano, and Alan Perlmutter arranged the financing for these transactions.

COPYRIGHT 2003 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
 

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