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TRANSACTIONS.

Arbor Realty Trust funded a Fannie Mae DUS deal in Bettendorf, LA. The Townhomes at Highland Pointe, a 24-unit multifamily property with three-bedroom units with two oversized garages, received $4.6M in refinance funding through the program. The loan includes a 30-year fixed-rate term with an 80% LTV ratio.

Michael Noll of Arbor's New York City office originated the loan.

Eastern Union Funding announced the following transactions:

* A $9,575,000 first lien mortgage for the acquisition of a 73-unit multifamily property in Torrington, CT This transaction was arranged by David Metzger, Moshe Feiner and Bernie Fried.

* A $6,450,000 first lien mortgage for the refinance of an office building in Beavercreek, OH. This transaction was arranged by Mendy Pfeifer and Motti Blau.

* A $4,980,000 first lien mortgage for the refinance of a multifamily property in Queens, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.

* A $3,600,000 first lien mortgage for the refinance of a 588-unit multifamily property in Memphis, "FN. This transaction was arranged by Abraham Bergman.

* A $1,878,000 first lien mortgage for the refinance of a 8-unit property in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.

* A $1,575,000 first lien mortgage for the acquisition of a 32-unit multifamily property in Passaic, N J. This transaction was arranged by Ira Zlotowitz and Michael Muller.

* A $1,550,000 first lien mortgage for the refinance of an industrial property in Philadelphia, PA. This transaction was arranged by Isaac Sternhill, Moti Amsel and Michael Muller.

* A $1,382,000 first lien mortgage for the acquisition of a shopping center in Whitehall, PA. This transaction was arranged by David Metzger.

* A $1,048,588 first lien mortgage for the acquisition of a 9-unit mixed-use property in Bronx, NY. This transaction was arranged by Michael Muller.

GCP Capital Group has arranged mortgage financing in the aggregate amount of $34,875,000 for the following properties:

* $11,000,000 for a six-story multifamily apartment building containing 57 units and approximately 3,300 square feet of commercial space, located on West 175* Street in Manhattan, New York. Paul Greenbaum, Managing Member, arranged the financing for this transaction.

* $9,975,000 for a six-story multifamily apartment building containing 60 units, located in the Bay Ridge neighborhood of Brooklyn, New York. Stephen Katz, Managing Director, arranged the financing for this transaction.

* $7,100,000 for a five-story multifamily apartment building containing 13 units and approximately 9,000 square feet of commercial space, located on Riverdale Avenue in the Bronx, New York. David Sessa, Managing Director, arranged the financing for this transaction.

* $6,800,000 for a single-story retail building comprised of approximately 14,200 square feet, located on West Fordham Road in the Bronx, New York. Adam Brostovski, Principal, arranged the financing for this transaction.

Leviathan Capital announced the following transactions:

* An $8,000,000 inventory loan on for a commercial condominium project on Bowery. The loan features a rate of 8.50% and closed in less than two weeks.

* The closing of $7,500,000 pre-development loan for a 176-unit multifamily development in Glen Cove, NY. The 60% LTV land loan closed in approximately 45 days. Yaron Cohen originated and negotiated the transaction.

* A $4,100,000 loan collateralized by five commercial condominiums in Harlem. The 10-year fixed rate deal closed with a competitive interest rate of 3.99% and 24 months of interest-only. Yaron Cohen originated the transaction.

* A $11,026,000 loan on a portfolio of buildings. The loan features a rate below 3.75%. Andrew Schnissel originated and negotiated the transaction.

* A $700,000 loan for a multifamily properly in upstate, New York. The loan closed with an attractive rate and featured an earn-out structure. Yaron Cohen negotiated the transaction.

* A $1,450,000 loan on a mixed-use building in Bed-Stuy. The non-recourse loan features a rate of 4.375%. Yaron Cohen originated and negotiated the transaction.

* A $540,000 loan on a multifamily building in Brooklyn. The non-recourse loan features a rate of 4.25%. Yaron Cohen originated and negotiated the transaction.

Meridian Capital announced the following transactions:

* A new mortgage of $5,500,000 was originated by Meridian on a multifamily property totaling 66 units located on Woodruff Avenue in Brooklyn, NY. The loan features a rate of 3.78% and a five-year term. This transaction was negotiated by Chaim Tessler.

* A new mortgage in the amount of $5,300,000 on a 48-unit mixed-use property located on Caton Avenue in Brooklyn, NY. The loan features a rate of 3.86% and a five-year term. Judah Hammer negotiated this transaction.

* A new mortgage of $4,100,000 was originated by Meridian on a mixed-use property totaling 10 units located on West 39th Street in New York, NY. The loan features a rate of 3.86% and a five-year term. This transaction as negotiated by Michael Homapour.

* A new mortgage in the amount of $3,900,000 on an 83-unit cooperative property located on Ocean Parkway in Brooklyn, NY. The loan features a rate of 3.80% and a 10-year term. Avi Geller and Nicoletta M. Pagnotta negotiated this transaction.

* A new mortgage of $3,500,000 was originated by Meridian on a multifamily property totaling 66 units located on Ocean Avenue in Brooklyn, NY. The loan features a rate of 3.75% and a five-year term. This transaction was negotiated by Josh Rhine.

* A new mortgage in the amount of $1,700,000 on a 35-unit cooperative property located on West 12th Street in New York, NY. The loan features a rate of 3.86% and a 10-year term. Steve Geller negotiated this transaction.
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Publication:Real Estate Weekly
Date:Apr 24, 2019
Words:947
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