Real estate: finance

Real Estate Weekly, July 16, 2003

Meridian Capital Group LLC announced the following transactions:

* Meridian negotiated financing of $45.5 million on a 109,193 sq. ft. trophy office building on Fifth Avenue in New York City. The property will benefit from a rate of 5.25%, with a 10 year term. The loan includes three 5-year options after the initial 10-year term.

* A new mortgage of $9 million was placed by Meridian on a 144 unit, 2 story garden apartment complex on Burnett Street in Brooklyn, NY. The loan featured a rate of 4.5% and a 10 year term. Charles Grussgott negotiated the transaction.

* Meridian negotiated a new mortgage in the amount of $2.85 million on a 66 unit, 16 story Coop Building on West End Avenue in New York City. The co-op is 73% sold and the loan featured a rate of 4.59% with a 10 year term. Steve Geller & Oren Richland negotiated this transaction.

* A new mortgage of $1,931,250 was placed by Meridian on a 15 unit, 5 story apt. building on East 95 Street in New York City. The loan featured a rate of 4.875% and a 10 year term. Charles Grussgott negotiated the transaction.

* A new mortgage of $1.5 million was placed by Meridian on a 24 unit, 3 story apt. building on West 15 Street in New York, NY. The loan featured a rate of 4.45% and a 10 year term. The transaction was negotiated by Jeffrey J. Weinberg, Moshe Majeski & David Ostrov.

* Meridian placed a new mortgage of $1.4 million on a 42 unit, 6 story apt. building on Albemarle Road in Brooklyn, NY. The loan featured a rate of 4.71% and a 7 year term. Saul Piller & Avi Weinstock negotiated the transaction.

* Meridian negotiated a new mortgage in the amount of $1.2 million on a 34 unit, 6 story Coop Building on West 44 Street in New York City. The co-op is 24% sold and the loan featured a rate of 4.48% with a 10 year term. Daniel H anono negotiated this transaction.

Arbor Commercial Mortgage LLC arranged an $8 million loan for a 19-story building on W. 30th St, in New York City.

Houlihan-Parnes/ iCap Realty Advisors, LLC arranged a $1.5 million first mortgage for a 53,000 SF industrial building on Walnut St. in Norwood, N.J. The loan featured a 5.5 8% rate and a 15-year term. Jack Houlihan and Jeremiah A. Houlihan arranged the financing for this transaction.

AFC Realty Capital arranged an $8 million construction loan for the construction of 47 two-family homes in Newark, N.J.

GCP Capital Group LLC announced the following transactions:

* A $3.7 million loan for a 9,200 SF taxpayer and a five-story building on Thames S t. in New York City;

* A $4.115 million loan for a six-story apartment building on Madison Ave. in New York City;

* A $5.5 million loan for a walk-up apartment building on First Ave. in New York City;

* A $2.85 million loan for a two-story apartment building in Spring Valley, N.Y.;

* A $4.2 million loan for a six-story apartment building on Eastern Parkway in Brooklyn, N.Y.;

* A $2.85 million loan for a six-story apartment building on E. 108th St. in New York City.

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