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Real Estate Financing .

Meridian Capital Group, LLC 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. 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 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 Funding Corporation, a subsidiary of Emigrant Savings Bank, 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;

* 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 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 in West Windsor, N.J.;

* 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 for 100, 200, and 250 Corporate Court, three single-story office buildings in South Plainfield, N.J.;

* A $1.35 million self-liquidating 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, N.J.

GCP 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, 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 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. 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, 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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Title Annotation:Meridian Capital Group, L.L.C.
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Nov 14, 2001
Words:1214
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