REAL FINANCING ESTATE.Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. Capital Group negotiated a new mortgage in the amount of $5.6 million on a 202-unit, 12-story co-op building on Riverside Drive A number of cities around the world have a Riverside Drive. In the United States:
New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The co-op is 60% sold and the loan featured a rate of 7.04% with a 15-year term. Jeffrey J. Weinberg and All Korolitzky arranged this transaction. A new mortgage was procured by Meridian for $3 million on a 23,900 SF commercial building on Broadway in Manhattan. The property will benefit from a rate of 7.5%, with a 10-year term. Saul Piller & Avi Weinstock arranged this transaction. Meridian arranged a new mortgage of $3 million on a 94-unit, six-story mixed-use building on Washington Avenue Washington Avenue can refer to:
A new mortgage of $2.4 million and a $500,000 revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. was placed by Meridian Capital on a 40-unit, 10-story 100% sold co-op building on East 84th Street on Manhattan's Upper East Side. The loan featured a rate of 6.96% and a 10-year interest only term. The transaction was negotiated by Allan Lieberman. A new mortgage of $1,850,000 was placed by Meridian on an 81-unit, six-story multifamily building on Sedgwick Avenue in the Bronx. The loan featured a rate of 7.125% and a seven-year term. The transaction was negotiated by Michael Kesselman. The commercial real estate department of M & T Bank's New York City division closed a $122,280,000 loan for a portfolio of 68 properties totaling approximately 2.5 million SF. Benjamin Stacks, vice president of M & T Bank, was the loan officer in charge of the transaction. The portfolio's properties include multi-unit residential rental, buildings, office buildings, garages, parking lots, retail spaces, development sites, and warehouses. The properties are located in Manhattan, Brooklyn, Queens, the Bronx, and Jersey City. The bifurcated bi·fur·cate v. bi·fur·cat·ed, bi·fur·cat·ing, bi·fur·cates v.tr. To divide into two parts or branches. v.intr. To separate into two parts or branches; fork. adj. loan, a refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. with a five-year term and five- year renewal option, was made to New Rock Asset Partners. Emigrant EMIGRANT. One who quits his country for any lawful reason, with a design to settle elsewhere, and who takes his family and property, if he has any, with him. Vatt. b. 1, c. 19, Sec. 224. Funding Corporation, a subsidiary of Emigrant Savings Bank Emigrant Savings Bank was founded in 1850 by 18 members of the Irish Emigrant Society and is the oldest savings bank in New York City. The bank was originally founded to serve the needs of the immigrant community in New York and has grown to be the largest privately owned bank in , announced the closing of 21 loans totaling $5,593,750. * Refinancing Refinancing An extension and/or increase in amount of existing debt. for $300,000 for a three-story, mixed-use, walk-up building consisting of five residential units and a commercial unit located in Queens. * Refinancing for $200,000 for a five-story, walk-up building consisting of 11 residential units located in the Bronx. * Refinancing for $450,000 for a two-story, mixed-use, walk-up with a residential unit and a commercial unit located in Brooklyn. * Acquisition financing for $135,000 for a two-story building with two commercial units located in the Bronx. * Acquisition financing for $200,000 for a two-story, mixed-use, walk-up consisting of five residential units and a commercial units located in Brooklyn. * Refinancing for $265,000 for a four-story, walk-up with 10 residential units located in Hoboken, N.J. * Refinancing for $520,000 for a one-and-one-half story building consisting of one commercial unit, a garage and an outdoor parking lot located in Upper Saddle River Saddle River may refer to:
* Refinancing for $330,000 for a six-story mixed use, walkup walk·up also walk-up n. 1. An apartment house or office building with no elevator. 2. An apartment or office in a building with no elevator. building with 20 residential units and a commercial unit located in Hoboken. * Acquisition financing for $138,750 for a single-story building with a commercial unit located in Somerville, N.J. * Acquisition financing for $125,000 for a single-story building with a commercial unit and an outdoor parking and a single family residence located in Morganville, N.J. * Refinancing for $55,000 for a commercial cooperative unit located in Queens. * Refinancing for $305,000 for a five-story, mixed-use, walk-up consisting of eight residential units and two commercial units located in the Bronx. * Refinancing for $225,000 for an eight-story, mixed-use, elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, building consisting of 16 residential units and two commercial units located in Manhattan. * Refinancing for $475,000 for a three-story, walk-up consisting of five residential units and a built-in garage and an outdoor parking lot located in Palisades Park Palisades Park, residential borough (1990 pop. 14,536), Bergen co., NE N.J.; inc. 1899. , N.J. * Refinancing for $100,000 for a five-story, mixed-use, walk-up consisting of seven residential units and a commercial unit located in Manhattan. * Refinancing for $100,000 for a four-story, mixed-use, walk-up consisting of seven residential units and a commercial unit located in Manhattan. * Acquisition financing for $700,000 for a six-story, walk-up consisting of 16 residential units located in Manhattan. * Acquisition financing for $250,000 for a four-story, walk-up consisting of 17 residential units located in Brooklyn. * Acquisition financing for $350,000 for a four-story, walk-up consisting of five residential units located in Manhattan. * Acquisition financing for $160,000 for a two-story, mixed-use, walk-up consisting of two residential units and a commercial unit located in Jersey City, N.J. * Acquisition financing for $210,000 for a three-story, walk-up consisting of five residential units located in Ridgewood, N.Y. Cooper-Horowitz, Inc. announced financing transactions for the following properties: * A $11.3 million loan for a six-story residential building at Larchmont Acres East in Mamaroneck, N.Y. Jeffrey S. Horowitz and Jeffrey H. Bijur represented Cooper-Horowitz, Inc. in the transaction. * A $1,250,000 loan for a four-story, 5,000 SF apartment building at 141 Lexington Ave. in New York City. The loan was placed with a commercial bank. * A $3.4 million loan for a 51,652 SF retail space at East Meadow East Meadow, uninc. residential and commercial city (1990 pop. 36,609), Nassau co., SE N.Y., on W Long Island. Commons in East Meadow, N.Y. Jayson Schwartz and Jeffrey S. Horowitz represented Cooper-Horowitz in the transaction. * A $1.3 million loan for a six-story residential building at 63 Avenue D in New York City. Jeffrey S. Horowitz represented Cooper-Horowitz in the transaction. |
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