Real Estate: Finance

Real Estate Weekly, Sept 18, 2002

Meridian Capital Group arranged a new mortgage of $6.08 million on a 135-unit, six-story building on Riverside Drive in New York City. The loan featured a rate of 5.46% and a 10-year term. Jeffrey J. Weinberg negotiated the transaction.

* A new mortgage of $2.5 million was placed by Meridian on a 32-unit, six-story building on MacDougal Street in New York City. The loan featured a rate of 6.5% and a 15-year self-liquidating term. Charles Grussgott negotiated the transaction.

* Meridian placed a new mortgage of $2.4 million on a 21-unit, five-story building on Park Avenue in New York City. The loan featured a rate of 4.81% and a 10-year term. Avi Weinstock negotiated the transaction.

* A new mortgage of $2 million_was placed by Meridian on a 51-unit, six-story building on McLean Avenue in Yonkers, NY. The loan featured a rate of 4.81% and a 10-year term. Avi Weinstock negotiated the transaction.

* A new mortgage of $1.95 million was arranged by Meridian on a 22-unit, six-story building with commercial units on Pitt Street in New York City. The loan featured a rate of 5.4% and a 10-year term. Cary E. Pollack negotiated the transaction.

* Meridian placed a new mortgage of $1.2 million on a 38-unit, four-story building on 19th Avenue in Brooklyn, NY. The loan featured a rate of 6.875% and a 15-year term. The transaction was negotiated by Scott Assouline.

* A blanket mortgage was placed by Meridian in the amount of $1.13 million on three commercial properties in Brooklyn and the Bronx totaling 57,000 SF. The properties will benefit from a rate of 7% and a seven-year term. David Ganz handled this transaction.

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GCP Capital Group LLC announced the following transactions:

* A $1.715 million loan for a four-story townhouse on W. 108th St. in New York City;

* A $2.15 million loan for a six-story apartment building on 46th St. in Queens, N.Y.;

* A $1 million loan for four five-story apartment buildings on Third Ave. in New York City;

* A $1 million loan for a seven-story apartment building on Herkimer St. in Brooklyn, N.Y.;

* A $4.275 million loan for a six-story apartment building on Bay Parkway in Brooklyn, N.Y.;

* A $4.6 million loan for a six-story apartment building on W. 3rd St. in Brooklyn, N.Y.;

* A $3.8 million loan for a garden apartment complex in Long Beach, N.Y.

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

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M. Tuck Capital Associates announced the following transactions:

* A $2.55 million acquisition loan for an apartment building on Beverly Road in Brooklyn, N.Y.;

* A $1.3 million loan for an apartment building on E. 37th St. in Brooklyn, N.Y.;

* A $2.4 million loan for an apartment building on 90th Ave. in Queens, N.Y.;

* A $3.95 million second mortgage for an apartment building on 167th St. in Queens, N.Y.;

* A $1.8 million loan for an apartment building on 150th St. in Queens, N.Y.;

* A $4.5 million loan for an apartment building on 153rd St. in Queens, N.Y.;

* A $2.325 million loan for an apartment building on Lowe St. in Queens, N.Y.;

* A $4.8 million loan for an apartment building on 149th St. in Queens, N.Y.;

* A $2.4 million loan for an apartment building on 144th St. in Queens, N.Y.;

* A $2.438 million loan for an apartment building on 165th St. in Queens, N.Y.

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Cronheim Mortgage arranged a $200 million loan for a 25-story office building on Park Ave. in New York City. Andrew Stewart arranged the financing for this transaction.

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Emigrant Funding Corporation announced the following transactions:

* A $117,600 acquisition loan for a one-story commercial building in Forest Hills, N.Y.;

* An $875,000 loan for a four-story, mixed-use building in New York City;

* A $425,000 loan for a one-story commercial building in Williston, N.Y.;

* A $175,000 loan for a fours-story apartment building in Brooklyn, N.Y.;

* A $250,000 loan for a three-story co-op building in New York City;

* A $700,000 acquisition loan for a three-story apartment building in Brooklyn, N.Y.;

* A $700,000 loan for a five-story co-op building in New York City;

* A $250,000 loan for three-story, mixed-use building in Brooklyn, N.Y.;

* A $1 million loan for a four-story apartment building in Jamaica, N.Y.;

* A $120,000 loan for a three-story, mixed-use building in Brooklyn, N.Y.;

* A $125,000 loan for a three-story, mixed-use building in Brooklyn, N.Y.;

* A $220,000 loan for a two-story, mixed-use building in Flushing, N.Y.;

* A $175,000 loan for a one-story commercial building in Hartford, Conn.;

* A $495,000 loan for a four-story, mixed-use building in New York City;

* A $22.34 million loan for a 12-story co-op building in New York City;

* A $172,500 acquisition loan for a three-story, walk-up building in Jersey City, N.J.;

* A $600,000 loan for an apartment building in Brooklyn, N.Y.;

* A $210,000 loan for a two-story, mixed-use building in Richmond Hill, N.Y.;

* A $224,000 acquisition loan for a two-story, mixed-use building in the Bronx;

* A $350,000 loan for a four-story apartment building in New York City;