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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 announced the following transactions:

* A new mortgage of $6.75 million for a co-op building on Metropolitan Ave. in Kew Gardens Kew Gardens (ky), Kew, Surrey, S England, on the Thames just W of London; Royal Botanic Gardens is the official name. , N.Y. The loan featured a 6.375% rate and a 10-year term. Aaron M. Birnbaum and Carol Shelby negotiated the transaction.

* A new mortgage of $3.5 million for a six-story, multifamily building on Post Ave. in Manhattan. The loan featured a 6.750% rate and a 10-year term. Avi Weinstock and Saul Piller negotiated the transaction.

* A new mortgage of $1.65 million for a five-story, multifamily building on East Gun Hill Road in the Bronx. The loan featured a 6.25% rate and a 10-year term. David Ostrov and Jeffrey J. Weinberg negotiated the transaction.

* A new mortgage of $1.1 million for a five-story, multifamily building on Edgecombe Ave. in Manhattan. The loan featured a 7.25% rate and a 10-year term. Arthur Preisler negotiated the transaction.

* A construction loan in the amount of $1.025 million for vacant land that will be used to build an apartment building on Lorimer Lor´i`mer

n. 1. A maker of bits, spurs, and metal mounting for bridles and saddles; hence, a saddler.
 St. in Brooklyn, N.Y. The loan, which features a 6.5% rate, includes a takeout Takeout

A financing to refinance or take out another loan.
 option at construction completion. Elliott Y. Birnbaum negotiated the transaction

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 (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 announced the following transactions:

* $1.7 million for a six-story, elevator apartment building on St. Nicholas Ave. in Manhattan;

* $1.385 million for a six-story, walk-up apartment building on E. 8th St. in Manhattan;

* $7 million for two newly renovated, six-story brick buildings on First Ave. in Manhattan;

* $2.317 million for a six-story, walk-up apartment building on Oliver St. in Manhattan;

* $2.4 million for a six-story, walk-up apartment building on E. 78th St. in Manhattan;

* and $1.725 million for a six-story, elevator appartment building on St. Nicholas Ave. in Manhattan.

Adam Brostovskl, senior associate, and Mathew Classi, and Paul Greenbaum, managing members of GCP Capital Group LLC, arranged. the financing for these transactions.

Jack Houlihan and Jeremiah A. Houlihan, of Houlihan-Parnes Inc., have arranged a $1.45 million first mortgage on a garden apartment building in Bayshore, N.Y. The loan featured a 6.875% rate for the first five years of a 10-year term and a 30-year amortization schedule.

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:

* NCB (Network Control Block) A packet structure used by the NetBIOS communications protocol.  vice president Mindy Goldstein arranged a $1.1 million first mortgage and a $250,000 line of credit for Princeton Owners Corp., a 44-unit co-op located at 44-20 Douglaston Parkway in Manhattan;

* a $360,000 first mortgage and a $50,000 line of credit for a four-unit coop COOP

See Banks for Cooperatives (COOP).
 located at 45 W. 70th St. in Manhattan;

* a $215,000 first mortgage for a 10-unit co-op located at 145 W. 80th St. in Manhattan;

* a $200,000 line of credit for an eight-unit coop located at 542 Broadway in Manhattan; and a $100,000 line of credit for a 28-unit co-op located at 44-46 W. 85th St. in Manhattan.

* Edward Howe III, managing director of the firm's New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 office, arranged a $1.95 million first mortgage and a $250,000 line of credit.. for the Southview Owners Corp, a 111-unit co-op located at 90-11 35th Ave. in Elmhurst, N.Y.;

* a $1.45 million first mortgage for Harwyn Owners Corp, a 73-unit co-op located at 143-4041 St. Ave. in Flushing, N.Y.;

* a $1.03 million first mortgage for the East Side Partners, LLC, a 24-unit co-op located at 161 E. 91st St in Manhattan;

* a $750,000 million first mortgage for Carlton Terrace Corporation, a 28-unit co-op located at 65 Durham Road in Bronxville, N.Y.;

* a $600,000 first mortgage and a $100,000 line of credit for an 18-unit coop located at 7123 Third Ave. in Brooklyn, N.Y.

* NCB senior vice president Sheldon Gartenstein originated a $3.7 million first mortgage and a $300,000 line of credit for Long Beach Owners Corp., a 93-unit co-op located at 600 Shore Road in Long Beach, N.Y.;

* a $3 million first mortgage and a $1 million line of credit for Chatham Towers, Inc., a 240-unit co-op located at 170-180 Park Row in Manhattan;

* a $1.28 million first mortgage for a 56-unit coop located at 75 Central Park West in Manhattan;

* and a $1.25 million first mortgage for Orienta Owners, Inc., a 44-unit coop located at 302 W. 79th St. in Manhattan.

* NCB senior vice president Paulette Bonanno arranged a $1.5 million first mortgage and a $700,000 line of credit for a 107-unit co-op located at 336 West End Ave. in Manhattan;

* a $1.5 million line of credit for a 183-unit co-op located at 245 E. 25th St. in Manhattan; a $1.3 million first mortgage and a $200,000 line of credit for a 43-unit co-op located at 447 Fort Washington Fort Washington, military post during the American Revolution, situated on the highest point of Manhattan island, New York City, overlooking the Hudson River opposite Fort Lee, N.J.  Ave. in Manhattan;

* and a $1 million line of credit for a 17-unit coop located at 580 West End Ave. in Manhattan.

Pergolis Swartz Associates announced the following transactions:

* A $7.5 million loan for an apartment building on Mulberry mulberry, common name for the Moraceae, a family of deciduous or evergreen trees and shrubs, often climbing, mostly of pantropical distribution, and characterized by milky sap. Several genera bear edible fruit, e.g.  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.
. Richard Pergolis and Barry Swartz negotiated-the transaction.

* A $1.8 million interim financing Interim financing

A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing.


interim financing

The financing that supports a transaction until permanent financing can be arranged.
 for six retail building on Orchard St. in New York City. Barry Swartz negotiated the transaction.

* A $1 million interim financing for an industrial building on Academy Ave. in Middletown, N.Y. Leonard Solinsky negotiated the transaction.

* A $1.32 million fixed rate mortgage for an office building in Huntington, N.Y. Mark Jacobs Mark Jacobs may refer to:
  • Mark Jacobs (video game designer), CEO of Mythic Entertainment
  • Mark Jacobs (television producer)
  • Mark Jacobs, a character on the television show Blue Heelers
You may have misspelled:
  • Marc Jacobs, fashion designer
 and David Tobin negotiated the transaction.

* A $1.5 million permanent first mortgage for a three-story office building in White Plains, N.Y. Norman Schoenfeld negotiated the transaction.

* A $1.5 million permanent loan for a six-story apartment building on the Lower East Side in New York City. Barry Swartz negotiated the transaction.

* A $1.85 million first mortgage for a commercial and residential townhouse town·house or town house  
n.
1. A residence in a city.

2. A row house, especially a fashionable one.
 on 38th St. in New York City. Allan Rich and Richard Pergolis negotiated the transaction.

Carlton Advisory Services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
 announced that it has arranged new financing in the amount of $208 million of the Starret-Lehigh Building in New York City. Howard L. Michaels, chairman of Carlton Advisory Services, negotiated the transaction.

GCP Capital Group LLC announced the following transactions:

* $2.2 million for three contiguous, five-story, walk-up apartment buildings on Audubon Ave. in Manhattan

* $1 million for a six-story elevator apartment building on W. 171st St. in Mahattan;

* $2 million for a six-story elevator apartment building on Manhattan Ave. in Manhattan;

* $12.4 million for a nine-story, 65,000 SF building on Hudson St. in Manhattan;

* $12.5 million for a to-be-built 15-story, 200,000 SF building located in Tribeca, N.Y.;

* and $2.355 million for a five-story, walk-up apartment building on W. 20th St. in Manhattan.

Adam Brostovski and Adam Hakim, senior associates, along with Matthew Classi and Paul Greenbaum, managing members of GCP Capital Group, arranged the financing for these transactions.
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Oct 31, 2001
Words:1149
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