Real estate finance.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 announced the following transactions: * A $10.5 million new mortgage on a purchase of a 21-story, 206,271-SF Class B+ office building on Walnut Street A number of streets are named Walnut Street:
See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). . Moshe Majeski and Aaron Birnbaum originated the deal * A $4.6 million new mortgage for a two-story multi-family building on 76th Road in Flushing, N.Y. The loan featured a 5.87% rate and a 10-year term. Scott Assouline and Moshe Majeski arranged the financing for this transaction; * A $1.988 million new mortgage for a four-story multi-family building on W. 14th St. 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 6.5% rate and a 10year term. Charles Grussgott arranged the financing for this transaction; * A $1.4 million new mortgage for a six-story, multi-family building on Northern Boulevard in Flushing, N.Y. The loan featured a 6.125% rate and a 10-year term. Morris Diamant and Joe Klein For the basketball player, see . Joe Klein (born September 7, 1946) is a longtime Washington, D.C. and New York journalist and columnist, perhaps best known for his novel Primary Colors arranged the financing for this transaction; * A $1.35 million new mortgage for a six-story, mixed-use apartment building on W. 183 St. in New York City. The loan featured a 6.375% rate and a 12-year term. Allan Lieberman arranged the financing for this transaction; * A $1.34 million new mortgage for a three-story, multi-family building on Chancellor Ave. in Newark, N.J. The loan featured a 6.75% rate and a 10-year term. Saul Piller and Avi Weinstock arranged the financing for this transaction. 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: * A $221,000 acquisition loan for a three-story, mixed-use walk-up in Weekhawken, NJ.; * A $140,000 refinancing Refinancing An extension and/or increase in amount of existing debt. for a three-story, non-elevator building in Brooklyn, N.Y.; * An $81,600 refinancing for a two-story, mixed-use walk-up in Brooklyn, N.Y.; * A $260,000 acquisition loan for a three-story elevator building and a two-story extenstion walk-up in Jersey City, N.J.; * A $300,000 refinancing for a four-story, non-elevator building in Brooklyn, N.Y.; * A $175,000 refinancing for a four-story, mixed-use building in Brooklyn, N.Y.; * A $275,000 refinancing for a three-story, mixed-use, walk-up building in Rego REGO Reinventing Government REGO Renewable Energy Guarantee of Origin (UK) Park, N.Y.; * A $450,000 acquisition loan for two three-story elevator buildings in Brooklyn, N.Y.; * A $225,000 refinancing for two three-story, non-elevator buildings in New Britain New Britain, city, United States New Britain, industrial city (1990 pop. 75,491), Hartford co., central Conn.; settled c.1686, inc. 1871. The tin shops and brassworks in the city were established in the 18th cent. , Conn.; * A $900,000 refinancing for a seven-story, elevator building in New York City; * A $1.05 million acquisition loan for a five-story, mixed-use, walk-up in New York City; * A $225,000 acquisition loan for a three-story apartment building in Brooklyn, N.Y.; * A $1.1 million refinancing for nine class "A" apartment buildings in Howard Beach, N.Y.; * A $225,000 acquisition loan for a three-story walk-up in Brooklyn, N.Y.; * $155,000 refinancing for a four-story apartment building in Brooklyn, N.Y.; * A $125,000 refinancing for a two-story, mixed-use walk-up in North Bergen North Ber·gen A community of northeast New Jersey north of Jersey City and across the Hudson River from Manhattan Island. Population: 59,500. , N.J.; * A $175,000 refinancing for a three-story, mixed-use walk-up in Jersey City, NJ.; * A $60,000 acquisition loan for a two-story 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. apartment buildings in Swedesboro, N.J.; * A $300,000 refinancing for a four-story, non-elevator building in New York City; * A $800,000 refinancing for a five-story, mixed-use, walk-up building in New York City; * A $700,000 refinancing for a six-story elevator building in Brooklyn, N.Y. Holliday Fenoglio Fowler, L.P. announced that it has arranged financing for two industrial/office properties in Edison, N.J. The loan featured a 10-year term. Anthony M. Cuccia, senior managing director, and Jim Cadranell, associate director, arranged the financing for this transaction. ARCS Commercial Mortgage Co., L.P. arranged a $48.5 million loan for an apartment complex on E. 34th St. in New York City. The loan featured a 6.5% rate, a 10-year term, and a 30-year amortization schedule. David Cronheim Mortgage Corporation announced the following transactions: * A $15 million acquisition loan for a multifamily apartment building in Berkeley, NJ.; * A $22.8 million acquisition loan for a multifamily apartment building in Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. , N.Y.; * A $3.9 million acquisition loan for a 44,195 SF office building in Wethersfield, Conn.; * A $650,000 loan for a one-story, 13,075 SF retail center in East Northport East Northport, uninc. residential town (1990 pop. 20,411), Suffolk co., SE N.Y., on the north shore of Long Island. , N.Y.; * A $474 million loan for a 49,115 SF, three-building retail outlet retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in Flemington, N.J. Colonial Group Ltd. arranged a $940,000 first mortgage for a two-story garden apartment complex in Mamaroneck, N.Y. The loan featured a 6.99% rate and a 10-year term. The National Cooperative Bank The National Consumer Cooperative Bank (NCCB) was created and chartered by the National Consumer Cooperative Bank Act (92 Stat. 499, 12 U.S.C.A. 3001), enacted on August 20, 1978. The bank is directed by the act to encourage the development of new and existing cooperatives. announced the following transactions: * A $550,000 line of credit for a co-op building on 73rd St. in Jackson Heights, N.Y. Paulette Bonanno arranged the financing for this transaction; * A $425,000 second mortgage for a co-op building on W. 16th St. in New York City. Paulette Bonanno arranged the financing for this transaction. M. Tuck Capital Associates announced the fololowing transactions: * A $10.15 million acquisition financing for an apartment building on E. 30th St. in New York City. Michael E. Tuck arranged the financing for this transaction; * A $2.95 million loan for a five-story, elevator apartment building on First St. in Hoboken, N.J. the loan featured a 6.5% rate and an eight-year term. Brian P. Greenfield arranged the financing for this transaction; * A $2.55 million loan for an apartment building on W. 148th St. in New York City. Michael E. Tuck arranged the financing for this transaction; * A $700,000 loan for an apartment building on Broadway in New York City. The loan featured a 6.25% rate and a 10-year term. Brian P. Greenfield arranged the financing for this transaction; * A $1.925 million loan for an elevator apartment building on Ocean Ave. in Brooklyn, N.Y. The loan featured a 6.5% rate and a 10-year term. Michael E. Tuck arranged the financing for this transaction; * A $1.98 million loan for three condo buildings in Teaneck and Palisades Park Palisades Park, residential borough (1990 pop. 14,536), Bergen co., NE N.J.; inc. 1899. , N.J. Brian P. Greenfield arranged the financing for this transaction; * A $1.35 million second mortgage for two elevator apartment buildings on Ocean Ave. and Lefferts Boulevard in Brooklyn, N.Y. The loan featured a seven-year term. Michael E. Tuck arranged the financing for this transaction. |
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