Real Estate Financing .Meridian Capital Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced the following transactions: * A new mortgage of $12.5 million for a 130,000 SF office building on Seventh Ave. in New York City New York City: see New York, city. 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 loan featured a 7.25% rate and a 10-year term. Aaron M. Birnbaum and Carol Shelby arranged the financing for this transaction. * A new mortgage of $6.375 million for a 5,871 SF retail condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. on W. 57th St. in New York City. * A new mortgage of $1.700,000 million for a five-story, multifamily elevator building on E. 21st St. in New York City. The loan featured a 6.875% rate and a seven-year term. Yigal Y. Niasoff arranged the financing for this transaction. * A new mortgage of $1.67 million for a three-story multifamily building on Lafayette Ave. in Brooklyn, N.Y. The loan featured a 6.19% rate and a 10-year term. Scott Assouline arranged the financing for this transaction. * A new mortgage of $2.3 million for a four-story, mixed-use building on Second Ave. in New York City. The loan featured a 6.95% rate and a 5-year term. Morris Diamant negotiated the transaction. * A new mortgage of $1 million for a 61-space parking garage on E. 74th St. in New York City. The loan featured a 7.25% rate and a seven-year, self-amortizing term. Allan Lieberman negotiated this transaction. 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 following transactions: * Acquisition financing in the amount of $365,000 for a three-story walk-up in Fairview, N.J.; * Refinancing in the amount of $250,000 for a two-story, mixed-use, walk-up in Queens; * Refinancing in the amount of $500,000 for a single-story commercial building in Morristown, N.J.; * Refinancing in the amount of $217,000 for a two-story, mixed-use walk-up in Queens; * Acquisition financing in the amount of $300,000 for a two-story, mixed-use walk-up in Leonia, N.J.; * Refinancing in the amount of $110,000 for a four-story, mixed-use walk-up in Brooklyn; * Refinancing in the amount of $650,000 for a five-story, mixed-use walk-up in New York City; * Refinancing in the amount of $250,000 for a commercial cooperative unit in New York City; * Acquisition financing in the amount of $158,550 for a three-story walk-up in Jersey City, N.J.; * Refinancing in the amount of $183,000 for a three-story walk-up in West New York West New York, town (1990 pop. 38,125), Hudson co., NE N.J., atop the Palisades across the Hudson River from New York City; settled 1790, inc. 1898. It is a residential town with some light industry. West New York is also a leading U.S. embroidery center. ; * Acquisition financing in the amount of $250,000 for a two-story walk-up in Clifton, N.J.; * Acquisition financing in the amount of $175,000 for a three-story, mixed use walk-up in Clifton, N.J.; * Refinancing in the amount of $1 million for a five-story, mixed-use walk-up in Yonkers, N.Y.; * Acquisition financing in the amount of $472,500 for a four-story, mixed-use walk-up in Hoboken, N.J.; * Refinancing in the amount of $160,000 for a three-story walk-up in Queens; * Acquisition financing in the amount of $210,000 for a two-story, mixed-use building in Connecticut; * Refinancing in the amount of $250,000 for a five-story walk-up in Manhattan; * Acquisition financing in the amount of $120,000 for a four-story walk-up in the Bronx; * Refinancing in the amount of $140,000 for a two-story, mixed-use walk-up in Paterson, N.J.; * Refinancing in the amount of $275,000 for a three-story walk-up in New York City. * Mercury Capital Corporation announced that it has originated a two-year, $2.15 million first mortgage for a five-story townhouse town·house or town house n. 1. A residence in a city. 2. A row house, especially a fashionable one. in the TriBeCa part of New York City. Adam Glick, vice president of originations, negotiated the transaction. * David Cronheim Mortgage Corporation announced the following transactions: * A $15.35 million loan for The Shops at Windsor Green, a 157,463 SF, single-story community shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in West Windsor West Windsor is the name of two places in the United States:
* An $8.8 million permanent loan for 33-51 Main St., a 17,892 SF boutique retail property in Westport, Conn.; * A $2 million financing for the Fisher and Bay Shopping Center in Toms River, N.J.; * A $5.6 million permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. for 100, 200, and 250 Corporate Court, three single-story office buildings in South Plainfield South Plainfield, borough (1990 pop. 20,489), Middlesex co., NE N.J.; inc. 1926. It is the seat of several research and consulting firms and has plants that make chemicals, plastics, spices and flavorings, cosmetics, rubber products, pigments, electrical machinery, , N.J.; * A $1.35 million self-liquidating loan Self-liquidating loan Loan to finance current assets. The sale of the current assets provides the cash to repay the loan. for 620 Tinton Ave., a 22,097 SF office building in Tinton Falls, N.J.; * And a $3.2 million acquisition and permanent financing of Annapolis Gardens, a two-story garden apartment complex in Atlantic City Atlantic City, city (1990 pop. 37,986), Atlantic co., SE N.J., an Atlantic resort and convention center; settled c.1790, inc. 1854. Situated on Absecon Island, a barrier island 10 mi (16. , N.J. GCP GCP Good Clinical Practice GCP Ground Control Point GCP Global Carbon Project GCP Gateway Control Protocol GCP Global Consciousness Project GCP Granulocyte Chemotactic Protein GCP Grand Central Parkway (New York) Capital Group LLC announced the following transactions: * A $3.25 million loan for a six-story, elevator apartment building on W. 144th St. in New York City; * A $4 million loan for a six-story, elevator apartment building on W. 188th St. in New York City; * A $3.35 million loan for a six-story, elevator apartment building on W. 177th St. in New York City; * An $11.37 million for a seven-story, elevator apartment building on Second Ave. in New York City. * Alan Perlmutter and Matthew Classi, managing members of GCP Capital Group LLC, arranged the financing for these transactions. GCP Capital Group LLC announced the following transactions: * A $2.04 million loan for a 25,350 SF, one-story shopping center on Sheridan Boulevard in Long Island, N.Y.; * An $8,5 million loan for a 93,645 SF shopping center in Patchogue, N.Y.; * A $3.5 million loan for a 76,000 SF, six-story industrial/loft building on Berry St. in Brooklyn, N.Y.; * And a $2 million loan for a 15,592 SF strip shopping center in Roosevelt Heights, N.Y. Adam Brostovski and Christopher Simon Christopher Simon (5 June 1963) was born in Sydney. He is an Australian actor who has played Pedro in Gimme Gimme Gimme, Michael Hassan in The Bill, Lee Andersen in Casualty, Abdel in Lovejoy and Samir in Ultimate Force. , senior associates of GCP Capital Group LLC, along with Matthew Classi and Paul Greenbaum, managing members, arranged the financing for these transactions. The finance and sales division of HelmsleySpear, Inc. announced the following transactions: * A $420,000 first mortgage for 101 W. 133rd St., a five-story, 24-unit apartment building in New York City; * And a $470,000 first mortgage for 198 W. 134th St., a five-story, 16-unit apartment building in New York City. The loans featured a 7.25% rate and a 15-year, self-liquidating term. Ira G. Feiler, managing director of HelmsleySpear, Inc., arranged the financing for these transactions. Zev Pollak Co. announced the following transactions: * A new mortgage in the amount of $5.5 million for a 10-story high-rise building high-rise building Multistory building taller than the maximum height people are willing to walk up, thus requiring vertical mechanical transportation. The introduction of safe passenger elevators made practical the erection of buildings more than four or five stories tall. in Forest Hills, N.Y. The loan was featured a 10-year term. * A new first mortgage of $5.5 million for a six-story apartment building located in Bensonhurst, Brooklyn Bensonhurst is a neighborhood located in the south-central part of the New York City borough of Brooklyn. Bensonhurst runs from about 14th Avenue to 25th Avenue and from Gravesend Bay to 53rd Street, encompassing Bath Beach, New Utrecht, and part of Dyker Heights and bordered by . The loan featured a 10-year term. * A mortgage in the amount of $5.2 million for two six-story apartment buildings located in New Rochelle New Rochelle (rōshĕl`), city (1990 pop. 67,625), Westchester co., SE N.Y., on Long Island Sound; settled by Huguenots 1688, inc. as a village 1858, as a city 1899. , N.Y. The loan featured a 10-year term. Zev Pollak Co. announced the following transactions: * A new $5.5 million mortgage for a 10-story high-rise building in Forest Hills, N.Y. The loan featured a 10-year term. * A new $5.5 million first mortgage for a six-story apartment building in Bensonhurst, Brooklyn. The loan featured a 10-year term. * And a $5.2 million mortgage for two six-story apartment buildings in New Rochelle, N.Y. The loan featured a 10-year term. Jack Houlihan, of Houlihan-Parnes Realtors, arranged a $2.8 million first mortgage for a 12,000 SF Genovese drug store on 238th St. and North Broadway in the Bronx. The loan featured a 7.25% rate, a ten-year term, and a 20-year amortization schedule. Hugh Finnegan, Esq., of Siller Wilk, represented the lender in the transaction. |
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