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Real Financing Estate.

Meridian Capital Group announced the following transactions:

* A $12.25 million new mortgage for a 220,000 SF shopping mall in Freehold, N.J. The loan featured a seven-year term. Carol Shelby arranged the financing for this transaction;

* A $6.9 million new mortgage for a 72,000 SF commercial building in Fort Lee, N.J. The loan featured a 10-year term. Barry Spector and Aaron M. Birnbaum arranged the financing for this transaction;

* A $2.4 million new mortgage for a six-story multifamily building on 35th St. in Astoria, N.Y. The loan featured a 6.5% rate and a seven-year term. Michael Kesselman arranged the financing for this transaction;

* A $1.5 million new mortgage for a five-story rental building on E. 6th St. in New York City. The loan featured a 6.875% rate and a 10-year term. Saul Piller arranged the financing for this transaction;

* A $1.15 million new mortgage for a five-story multifamily building on Grand Ave. in the Bronx. The loan featured a 10-year term. Allan Lieberman arranged the financing for this transaction;

* A $1.375 million new mortgage for an eight-story multifamily building on Montague St. in Brooklyn, N.Y. The loan featured a 6.875% rate and a seven-year term. Joseph Taub arranged the financing for this transaction.

***

Carlton Advisory Services, Inc. arranged a $15 million first mortgage for 200,000 SF office building at 151 William St. in New York City. Neil Bane arranged the financing for this transaction.

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Houlihan-Parnes Realtors, LLC/iCap Realty Advisors arranged a $5.75 million first mortgage for a co-op apartment building in Yonkers, N.Y. The loan featured a 6.7% rate and a 15-year term. Jack Houlihan and Jeremiah A. Houlihan arranged the financing for this transaction.

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Houlihan-Parnes Realtors LLC/iCap Realty Advisors arranged a $1.8 million first mortgage for a co-op apartment building in White Plains, N.Y. The loan featured a 6.7% rate and a 15-year term. Jack Houlihan and Jeremiah A. Houlihan arranged the financing for this transaction.

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David Cronheim Mortgage Corporation announced that it has arranged a $3.25 million permanent financing for Commerce Park, a four-building, two-story medical office complex in Bridgeport, Conn. The loan featured a 15-year amortization schedule. Andrew Stewart arranged the financing for this transaction.

***

National Cooperative Bank announced the following transactions:

* A $500,000 assignment of assessment for the Brentwood Condominium, a condo located at 300 Main St. in White Plains, N.Y. Vice president Mindy Goldstein arranged the financing for this transaction;

* A $650,000 assignment of assessment for River Hill Condominium, a condo located at 116-1120 Warburton Ave. in Yonkers, N.Y. Mindy Goldstein was the broker in this transaction;

* A $9 million first mortgage and a $1 million line-of-credit for Chesapeake Owners Corp., a coop located at 201 E. 28th St. in New York City. Senior vice president Sheldon Gartenstein arranged the financing for this transaction;

* A $2.75 million first mortgage and a $1 million line-of-credit for a co-op located at 43 Fifth Ave. in New York City. Sheldon Gartenstein was the broker in the transaction;

* A S2.7 million first mortgage for a co-op located at 315 Riverdale Drive in New York City. Sheldon Gartenstein was the broker in the transaction;

* A $1.15 million line-of-credit for a co-op located at 2575 Palisade Ave. in Riverdale, N.Y. Sheldon Gartenstein was the broker in the transaction;

* A $1.1 million first mortgage and a $300,000 line-of-credit for a co-op located at 220 E. 87th St. in New York City. Sheldon Gartenstein was the broker in the transaction;

* A $2.5 million first mortgage and a $500,000 line-of-credit for a co-op located at 108 Sagamore Road in Tuckahoe, N.Y. Senior vice president Paulette Bonanno arranged the financing for this transaction;

* A $1.85 million first mortgage and a $500,000 line-of-credit for Osse, Inc., a co-op located at 166 E. 35th St. in New York City. Paulette Bonanno was the broker in this transaction;

* A $650,000 line-of-credit for Kensington Gate Owners, a co-op located at 1 Kensington Gate in Great Neck, N.Y. Paulette Bonanno was the broker in this transaction;

* A $500,000 line-of-credit for a co-op located at One W. 64th St. in New York City. Paulette Bonanno was the broker this transaction;

* A $1.6 million first mortgage for Linden Hill No.2 Cooperative Corp., a co-op located at 142-20 26th Ave. in Flushing, N.Y. Mindy Goldstein arranged the financing for this transaction;

* A $395,000 first mortgage for the Leroy Owners Corp., a co-op located at 25 Leroy St. in New York City. Mindy Goldstein was the broker in this transaction;

* A $225,000 first mortgage for a co-op located at 115-36 E. 36th St. in New York City. Mindty Goldstein was the broker in this transaction;

* And a $185,000 first mortgage for Strathhaven Housing Corp., a co-op located at 422 13th St. in Brooklyn, N.Y. Mindy Goldstein was the broker in this transaction.

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BRT Realty Trust arranged a $750,000 loan for a multifamily property located on Eagle Ave. in the Bronx. The loan featured a one-year term, with two one-year options. Jeffrey Gould arranged the financing for this transaction.

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Fleet announced that it has arranged a $56 million construction financing for a luxury residential condominium building at E. 51st St. and First Ave. in New York City. Bill McCahill, executive vice president of Fleet's real estate finance group, arranged the financing for this transaction.

***

Carlton Advisory Services, Inc. arranged a $42.4 million acquisition loan for the CurtissWright Industrial Complex, a 2.5 million SF property in Wood-Ridge, N.J.
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Title Annotation:multiple financial transactions
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 2, 2002
Words:945
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