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Finance: real estate.

Pergolis Swartz announced the following transactions:

* A $1.925 million mortgage for a garden apartment complex in New Jersey. The loan featured a seven-year term;

* A $1.4 million permanent loan for a five-story, walk-up apartment building in New York City;

* A $4.05 million blanket mortgage for a condominium in Brooklyn, N.Y.;

* A $1 million second mortgage for a shopping center in Haziet, N.J.;

* A $1.3 million permanent mortgage for an apartment building on W. 73rd St. in New York City;

* A $4.5 million permanent loan for two industrial buildings in Queens, N.Y.;

* A $1.5 million mortgage for an apartment building in New York City;

* A $4 million permanent loan for a six-story, walk-up apartment building in New York City;

* A $3.9 million loan for two co-op buildings in Staten Island, N.Y. The loan featured a 10-year term;

* A $3.2 million permanent loan for an apartment building in Plainfield, N.J.;

* An $8 million permanent loan for a 70,000 SF building in Darien, Conn.;

* A $6.2 million permanent loan for a two-story tax payer building in the Bronx;

* A $1.5 million loan for a tax payer building in the Bronx. The loan featured a seven-year term;

Ray Mindell arranged the financing for these transactions.

Time Equities, Inc. announced the following transactions:

* A $19.5 million first mortgage and a $6 million unsecured line of credit for a 16-story, co-op apartment building on Mercer St. in New York City. The loan featured a 7.01% rate and a 15-year term;

* A $9 million loan for a 7,801 SF apartment building in New York City. The loan featured a 6.25% rate and a 10-year term;

* A $1.8 million first mortgage for two five-story apartment buildings on St. Nicholas Ave. in New York City. The loan featured a 1.9% rate and a 10-year term;

* A $685,000 first mortgage for a one-story retail building on E. Houston St. in New York City.

Stuart Bruck arranged the financing for these transactions.

Houlihan-Parnes Realtors/iCap Realty Advisors announced the following transactions:

* A $712,500 first mortgage for an apartment building in West Hempstead, N.Y. The loan featured a 6.375% rate, a 10-year term, and a 30-year amortization schedule;

* A $5 million loan for a 216,000 SF mixed-use building in West Haven, Conn. The loan featured a 7% rate, a five-year term, and a 20-year amortization schedule.

Jack Houlihan arranged the financing for these transactions.

ARCS Commercial Mortgage Co. announced the following transactions:

* A $4 million mortgage for an apartment building on Park Ave. in New York City. The loan featured a 6.83% rate and a 15-year term;

* A $9.7 million mortgage for an apartment building in New York City. The loan featured a 6.9% rate and a 30-year term.

GCP Capital Group LLC announced the following transactions:

* A $4 million loan for a co-op apartment building on Homecrest Ave. in Brooklyn, N.Y.;

* A $3.186 million loan for a three-story apartment building in Hempstead, N.Y.;

* A $9.5 million loan for a 61,510 SF, four-story office building in Scarsdale, N.Y.;

* A $3.9 million loan for a six-story apartment building on 19th Ave. in Brooklyn, N.Y.;

* A $3.3 million loan for a six-story apartment building on Lenox Ave. in Brooklyn, N.Y.;

* A $3.2 million loan for a six-story apartment building on 94th St. in Brooklyn, N.Y.;

* A $2.8 million loan for a seven-story apartment building on Lenox Road in Brooklyn, N.Y.

Paul Greenbaum, Matthew Classi, and Adam Brostovski arranged the financing for these transactions.

GCP Capital Group LLC announced the following transactions:

* A $2.1 million loan for a four-story, walk-up apartment building on Third Ave. in New York City;

* A $2.075 million loan for three four-story walk-up buildings on 79th St. in Queens, N.Y.;

* A $1.195 million loan for a four-story, walkup apartment building on 120th St. in Queens, N.Y.;

* A $1 million loan for a five-story, walk-up apartment building on Union Ave. in Brooklyn, N.Y.;

* A $3.023 million loan for a six-story apartment building on East Mosholu Parkway in the Bronx;

* A $1.8 million loan for a 29,230 SF retail center in West Hempstead, N.Y.;

* A $1.03 million loan for two contiguous five-story apartment buildings on Broadway in New York City.

Matthew Classi, Paul Greenbaum, and Adam Brostovski arranged the financing for these transactions.

Cooper-Horowitz, Inc. recently arranging financing totaling $188.2 million for three projects in Westchester County. They are:

* New Roc City in New Rochelle, a 3-story urban retail and entertainment complex anchored by Stop & Shop and a Regal Cinemas Multiplex Theater. The loan was for $66 million and was arranged with a major Wall Street investment firm.

* Ridgeview Apartments, Elmsford, a 416-unit garden apartment residential community. The loan was for $52 million and was placed with a major insurance company.

* City Center, White Plains, a 300-unit luxury high-rise residential community. The loan was for $70.2 million and was placed with a major life insurance company.

Mark Niman, Richard T. Horowitz and Nick Barbato represented Cooper-Horowitz, Inc.
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Article Details
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Title Annotation:New York
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 7, 2002
Words:871
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