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Emigrant Funding Corporation.

Emigrant Funding Corporation announced the closing of 21 loans totaling $9,697,749

* Refinancing for $441,000 for a four story, non-elevatored building containing one commercial unit located in Baltimore, MD.

* Refinancing for $1,000,000 for four properties containing eighteen Class A apartments and one commercial unit located in Lowell, MA.

* Refinancing for $300,000 for a two story, mixed use, non-elevatored building containing two Class A apartments and two commercial units located in Ozone Park, NY.

* refinancing for $95,000 for a three story, mixed use, non-elevatored building containing one Class A apartment and two commercial units located in Brooklyn, NY.

* Refinancing for $500,000 for a four story, mixed use, non-elevatored building containing eleven Class A apartments and one commercial unit located in Brooklyn, NY.

* Refinancing for $280,000 for a two story, non-elevatored building containing five Class A apartments located in Framingham, MA.

* Refinancing for $220,000 for a single story building containing seven Class A apartments located in Cape Coral, FL.

* Refinancing for $430,000 for two detached, two story buildings containing twelve Class A apartments located in St. Petersburg, FL.

* Refinancing for $290,500 for a two story, mixed use, none-elevatored building containing one Class A apartment and one commercial unit located in Yonkers, NY.

* Refinancing for $385,000 for a two story, non-elevatored building containing five Class A apartments located in The Bronx, NY.

* Refinancing for $450,000 for a two story, mixed use, non-elevatored building containing one Class A apartment and one commercial unit located in Corona, NY.

* Refinancing for $100,000 for a four story, non-elevatored building containing three cooperative apartments located in New York, NY.

* Refinancing for $1,300,000 for a three story, non-elevatored building containing thirty-seven cooperative apartments located in Lynbrook, NY.

* Refinancing for $265,000 for a three story, non-elevatored building containing six Class A apartments located in Brooklyn, NY.

* Refinancing for $236,250 for one condominium unit located in Rockville, MD.

* Refinancing for $499,999 for a four story, non-elevatored building containing sixteen Class A apartments located in Brooklyn, NY.

* Refinancing for $500,000 for a single story building containing nine commercial units located in South Daytona, FL.

* Refinancing for $455,000 for a two story, non-elevatored building containing two Class A apartments and one commercial unit located in Forest Hills, NY.

* Refinancing for $300,000 for a seven story elevatored building containing thirty-seven cooperative apartments located in Rego Park, NY.

* Refinancing for $650,000 for a three story, non-elevatored building containing twelve Class A apartments located in Patchogue, NY.

* Refinancing for $1,000,000 for three two story buildings containing twenty two Class A apartments located in Long Branch, NJ.

GCP Capital Group LLC has arranged mortgage financing for the following properties:

* $9,200,000 for three multi-family buildings containing a total of 79 units, located on South 2nd Street in Brooklyn, New York. Matthew Classi, managing member of GCP Capital Group LLC, arranged the financing for this transaction.

* $5,600,000 for the development of an 8-story condominium building containing 71 units, located on Sherman Avenue in Manhattan, New York. Adam Brostovski, principal, of GCP Capital Group LLC, arranged the financing for this transaction.

* $4,930,000 for a five-story walk-up apartment building containing 54 units, located on Fort Washington Avenue in Manhattan, New York. Adam Brostovski arranged the financing for this transaction.

* $5,100,000 for a four-story loft building to be converted into a 21-unit condominium building, located on Greenpoint Avenue in Brooklyn, New York. Matthew Classi arranged the financing for this transaction.

* $33,890,000 for the purchase of three vacant lots and additional development rights, located in Manhattan, New York. Adam Hakim and Mark Hakim, senior associates of GCP Capital Group LLC, arranged the financing for this transaction.

* $5,215,000 for a six-story elevator apartment building containing 35 units and 6 stores, located on Broadway in Manhattan, New York. Adam Brostovski arranged the financing for this transaction.

* $3,428,000 for a three-story office building containing 4 commercial units and 11 offices, located on Box Street in Brooklyn, New York. Paul Greenbaum, managing member of GCP Capital Group LLC, arranged the financing for this transaction.

* $2,200,000 for a two-story, 20,000 square foot retail center, located on Myrtle Avenue in Queens, New York. Alan Perlmutter, managing member of GCP Capital Group LLC, arranged the financing for this transaction.

* $3,100,000 for a thee-story mixed-use building, located on 8th Avenue in Manhattan, New York. Adam Brostovski arranged the financing for this transaction.

* $26,270,000 for the purchase of two adjacent properties with plans to demolish both buildings and construct a hotel, located in Manhattan, New York. Adam Hakim and Mark Hakim arranged the financing for this transaction.

* $90,000,000 for a 14-story luxury, apartment building containing 182 units and 8,200 square feet of commercial/retail space, located in Manhattan, New York. Alan Perlmutter arranged the financing for this transaction.

* $110,000,000 for the ground-up development of a 109,350 square foot, 25-story high-end residential condominium building, located in Manhattan, New York. Adam Hakim and Mark Hakim arranged the financing for this transaction.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Sep 20, 2006
Words:859
Previous Article:Meridian Capital Group.
Next Article:Meridian closes out $100m week with two lease deals.
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