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Real estate. (Finance).

Meridian Capital Group LLC announced the following transactions:

* Meridian Capital Group arranged financing of $4 million on a 45 unit, 5 story building on East 6th Street in New York City. The loan featured a rate of 4.76% and a 10 year term. Saul Piller negotiated the transaction.

* A new mortgage of $3.7 million was placed by Meridian on (2), 6 story elevator apartment buildings, containing 96 units on 82nd Street in Jackson Heights, NY. The loan featured a rate of 5.96% and-a 10 year term. Avi Weinstock negotiated the transaction.

* Meridian placed a new mortgage of $1.2 million on a 60 unit, 6 story building on Walton Avenue in the Bronx. The loan featured a rate of 5.2% and a 7 year term. Samuel M. Spinner negotiated the transaction.

* A new mortgage of $1.2 million was placed by Meridian on a 59 unit, 6 story building on East 13th Street in Brooklyn, NY. The loan featured a rate of 5.99% and a 10 year. term. Avi Weinstock negotiated the transaction.

* Meridian arranged a new mortgage in the amount of $1.125 million on a 38 unit, 4 story co-op building on East 21st Street Avenue in Brooklyn, NY. The loan featured a rate of 6.625% with a 10 year term. Scott Assouline negotiated this transaction.

* Meridian negotiated a new mortgage in the amount of $1.1 million on a 60 unit, 6 story co-op building on Booth Street in Rego Park, NY. The co-op is 50% sold and the loan featured a rate of 6.3% with a 15 year term. Allan Lieberman negotiated this transaction.

M. Tuck Capital Associates announced the following transactions:

* A loan in the amount of $700,000 was arranged for a 19 unit walk up apartment building located on West 185th Street in Manhattan, N.Y.

* A loan in the amount of $750,000 was arranged for a 19 unit apartment building located on Lexington Avenue in Manhattan, N.Y.

Titan, a direct private lender, has funded new bridge loans as follows:

* $4 million - 2-year bridge loan secured by a 144,000 SF flex/office building located in Hamden, Conn. The loan-to-value was under 60% on this 100% occupied property

* $2.5 million - 1 year bridge loan, secured by a limestone townhouse comprised of 9 units located at 50 West 86th Street in New York, N.Y. The loan-to-value was under 60% on this fully renovated, 100% occupied property

* $1.5 million - 1 year bridge loan secured by a residentially zoned, 3 acre parcel of land in Sagaponack, NY. The loan-to-value was under 45% and the loan closed in under one week from the time the loan was requested

* $700,000 - 1 year bridge loan secured by a 65 unit apartment building located in Hartford, Conn. The loan-to-value was under 70%

* $385,000 - 1 year bridge loan secured by a 17 unit apartment building in the Bronx, NY. The loan-to-value was under 60%. In all cases; the loans closed 100% in accordance with the terms issued by Titan Capital, Inc. and the originating brokers on the transactions were protected.

GCP Capital Group LLC announced the following transactions:

* A $20 million loan for a garden apartment complex in Suffolk county, N.Y.;

* A $10 million loan for a 15-story apartment building on W. 75th St. in New York City;

* A $5.7 million loan for a six-story apartment building on Prince St. in New York City;

* A $3.863 million for a 16,000 SF building in Willingboro, N.J.;

* A $1.875 million loan for a 13,600 SF retail building on Drive in Rego Park, N.Y.;

* A $1.8 million loan for a one-story brick taxpayer building on White Plains Road in the Bronx, N.Y.

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

Community Preservation Corporation arranged a $6.5 million loan for a 17-building, multi-family complex in Deptford, N.J.

The Community Preservation Corporation announced the following transactions:

* A $1 million construction loan for a senior living facility complex in Chatham, N.Y.;

* A $1.52 million loan for a five-building apartment complex in Queensbury, N.Y. The loan featured a 30-year amortization rate;

* A $136,400 loan-for a four-unit property in Albany, N.Y.

AFC Realty Capital arranged a $13.1 million construction loan for a four-story Hilton Garden Inn in Islip, N.Y. The loan featured a three-year term.

Carlton Advisory Services arranged a $2.5 million loan for a multifamily building on W. 86th St. in New York City. Stephen Scorgie, Michael Butz, and Jason Cohen arranged the financing for this transaction.

National Cooperative Bank announced the following transactions:

* A $750,000 line of credit for a condominium complex on West Park Ave. in Long Beach, N.Y.;

* A $4 million first mortgage and a $1.5 million line of credit for a co-op building on W. 9th St. in New York City;

* A $3.43 million first mortgage and a $500,000 line of credit for a co-op building on Charler Circle in Ossining, N.Y.;

* A $1.75 million first mortgage and a $1 million line of credit for a co-op building on W. 78th St. in New York City;

* A $1.55 million first mortgage for a co-op building on Ketcham St. in Elmhurst, N.Y.;

* A $1.4 million line of credit for a co-op building on W. 66th St. in New York City;

* A $500,000 first mortgage for a co-op building on-Warren St. in New York City;

* A $1.5 million first mortgage for a co-op building on W. 35th St. in New York City;

* A $1.5 million line of credit for a co-op building on Broadway in New York City;

* A $1 million line of credit for a co-op building on W. 86th St. in New York City;

* A $575,000 first mortgage for a co-op building on W. 13th St. in New York City;

* A $350,000 line of credit for a co-op building on Broadway in New York City;

* A $250,000 first mortgage for a co-op building on W. 21st St. in New York City;

* A $3.35 million first mortgage for a co-op building on Bell Boulevard in Bayside, N.Y.;

* A $2.74 million first mortgage and a $1 million line of credit for a co-op building on W. 24th St. in New York City;

* A $2.6 million first mortgage for a co-op building on E. 14th St. in New York City;

* A $550,000 first mortgage for a co-op building on Caton Ave. and Stratford Road in Brooklyn, N.Y.;

* A $500,000 first mortgage for a co-op building on-Fifth Ave. in New York City.

Edward Howe III, managing director, Sheldon Gartenstein, senior vice president, and Mindy Goldstein, vice president, arranged the financing for these transactions.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 16, 2002
Words:1149
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