TRANSACTIONS: Meridian arranges $3.4M Connecticut loan, GCP secures $18M funding for Gravesend property

Arbor Realty Trust, Inc. announced the following loans:

A Freddie Mac SBL deal in Carson, CA. Sky South Bay, a 13-unit multifamily property, received $2.8M in funding through the program with a five-year hybrid term. Eugene Yanovskiy of Arbor’s New York City office originated the loan. A Fannie Mae DUS loan in Thomasville, GA, for a 152-unit multifamily property. Abbey Lakes Apartment Homes received $7.4M in funding through the program with a 10-year fixed rate term. James Fiesel of Arbor’s New York City office originated the loan. A Fannie Mae MAH loan portfolio in Baton Rouge, LA. The three properties, totaling 248 units, received $9.6M in funding through the program. The loan provides a 10-year fixed rate term with 9.5-year yield maintenance, and a 30-year amortization schedule. Austin Walker of Arbor’s New York City office originated the loan. A Freddie Mac SBL deal in Chickasha, OK. Winding Creek Apartments, a 50-unit multifamily property, received $1.7M in funding through the program with a 10-year hybrid term. Eric Regenbogen of Arbor’s New York City office originated the loan. A Fannie Mae DUS loan in Norcross, GA. Fields at Peachtree Corners, a 490-unit multifamily luxury property, received $38.6M in funding through the program. The deal provides a 12-year fixed rate term with a 6-year interest only period, and a 30-year amortization schedule. Stephen York, of Arbor’s New York City office, originated the loan.

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Meridian Capital announced the following transactions:

A new mortgage of $3,400,000 was placed on a mixed-use property totaling 29,000 square feet and 24 units located on West Main Street in New Britain, CT. The loan features a rate of 4.84% and a seven-year term. This transaction was negotiated by Allan Lieberman. A new mortgage in the amount of $2,100,000 on a cooperative property located on Ocean Parkway in Brooklyn, NY. The loan features a rate of 3.93% and a 10-year term. Jacob Schmuckler negotiated this transaction. A new mortgage of $1,600,000 was originated on a cooperative property totaling 30 units located on East 90th Street in New York, NY. The loan features a rate of 3.88% and a 10-year term. This transaction was negotiated by Avi Geller and Nicoletta Pagnotta. A new mortgage in the amount of $1,550,000 on a 15-unit multifamily property located on Main Street in New Britain, CT. The loan features a rate of 4.84% and a seven-year term. Allan Lieberman negotiated this transaction. A new mortgage of $1,360,000 was originated on a multifamily property totaling 10 units located on Coolidge Avenue in Queens, NY. The loan features a rate of 3.97% and a five-year term. This transaction was negotiated by Steven Ribiat. A new mortgage in the amount of $1,000,000 on a 23-unit multifamily property located on West 1stStreet in Brooklyn, NY. The loan features a rate of 3.88% and a five-year term. Scott Assouline negotiated this transaction.

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Eastern Union Funding announced the following transactions:

A $14,861,000 first lien mortgage for the acquisition of a 144-unit multifamily on Hampden Blvd in Reading, PA. This transaction was arranged by David Metzger. A $ 2,700,000 first lien mortgage for the refinance of a multifamily property on Linden St in Brooklyn, NY. This transaction was arranged by Isaac Weiss. A $ 1,750,000 first lien mortgage for the refinance of a 24-unit mixed-use on 40th St in Brooklyn, NY. This transaction was arranged by Jay Tyberg. A $ 1,700,000 first lien mortgage for the refinance of a multifamily property on Halsey St in Brooklyn, NY. This transaction was arranged by Bernie Fried and David Metzger. A $ 1,000,000 first lien mortgage for the refinance of a retail property on Roosevelt Ave in Corona, NY. This transaction was arranged by Moshe Lipschitz.

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GCP Capital Group arranged mortgage financing in the aggregate amount of $56,925,000 for the following properties:

$30,350,000 for a twenty-seven story multifamily apartment building containing 264 units, located in Yonkers, New York. Paul Greenbaum arranged the financing for this transaction. $17,975,000 for a six-story multifamily apartment building containing 107 units, located in the Gravesend neighborhood of Brooklyn, New York. Stephen Katz arranged the financing. $4,500,000 for a four-story multifamily apartment building containing 60 units, located in New Haven, Connecticut. Adam Brostovski arranged the financing. $4,100,000 for a newly constructed residential apartment complex containing two multifamily buildings with a total of 18 units, located in West Babylon, Suffolk County, New York. Matthew Classi arranged the financing for this transaction.

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