Real Estate: Finance

Real Estate Weekly,  Dec 11, 2002  

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Meridian Capital Group LLC announced the following transactions:

* Meridian procured financing of $5 million on a 16 unit, 2 story mixed-use building on East 14th Street in New York City. The loan featured a rate of 5.875% and a 10 year term. Aaron M. Birnbaum and Moshe Majeski negotiated the transaction.

* Meridian placed a new mortgage of $4 million on (3) 4 story walkup coop buildings containing 168 units, on 38th Street in Astoria, NY. The loan featured a rate of 4.63% and a 10 year term. Avi Weinstock negotiated the transaction.

* A new mortgage of $3.5 million was placed by Meridian on a 80 unit, 6 story building on 12th Avenue in Brooklyn, NY. The loan featured a rate of 5.22% and a 10 year term. The transaction was arranged by Morris Diamant.

* Meridian arranged financing totaling $3.3 million on a package of 5 apartment buildings located in Brooklyn, NY. The loans featured a rate of 5.875% with 15 years self-liquidating terms. Charles Grussgott negotiated the transactions.

* A new mortgage of $3 million was placed by Meridian on a 29 unit, 6 story building on East 108th Street in New York City. The loan featured a rate of 5.5% and a 10 year term. The transaction was negotiated by Avi Weinstock.

* Meridian placed a new mortgage for $2.7 million on an office building on Church Avenue in Brooklyn, NY. The property will benefit from a rate of 6.25%, with a 10 year term. Saul Piller handled this transaction.

* A new mortgage of $2.12 million was placed by Meridian on a 58 unit, 6 story building on Park Place in Brooklyn, NY. The loan featured a rate of 5.263% and a 7 year term. The transaction was negotiated by Samuel M. Spinner & Jeffrey J. Weinberg.

David Cronheim Mortgage Corporation announced the following transactions:

* A $455,000 loan for an apartment building on Davidson St. in Bridgeport, Conn. The loan featured a 15-year term and a 25-year amortization schedule;

* A $550,000 loan for a mixed-use property on Kings Highway in Brooklyn, N.Y. The loan featured a 15-year term and a 25-year amortization schedule.

Sonnenblick-Goldman Company arranged a $69 million first mortgage for a 34-story, 606,532 SF office building on Wall St. in New York City. Arthur Sonnenblick, senior managing director, arranged the financing for this transaction.

Emigrant Funding Corporations announced the following transactions:

* A $143,000 acquisition loan for a mixed-use walk-up building in Woodbridge, N.J.;

* An $850,000 acquisition loan for a one-story office building in Kew Gardens, N.Y.;

* A $580,000 acquisition loan for a one-story office building in Oakland, N.J.;

* A $925,000 loan for a three-story, mixed-use building in Brooklyn, N.Y.;

* An $89,000 loan for a four-story walk-up building in Brooklyn, N.Y.;

* A $130,000 acquisition loan for a three-story, mixed-use building in Jersey City, N.J.;

* A $190,000 acquisition loan for a two-story apartment building in Staten Island, N.Y.;

* A $250,000 acquisition loan for a two-story apartment building in Staten Island, N.Y.;

* A $140,000 acquisition loan for a two-story, mixed-use building in the Bronx;

* A $700,000 loan for a two-story, mixed-use building in Queens, N.Y.;

* A $750,000 loan for a four-story apartment building in Brooklyn, N.Y.;

* A $725,000 loan for a four-story, mixed-use building in New York City;

* A $190,000 loan for a one-story office building in Westbury, N.Y.;

* A $1.2 million loan for a six-story apartment building in New York City;

* A $201,500 acquisition loan for a two-story office building in Jamaica, N.Y.;

* A $227,500 acquisition loan for a three-story, mixed-use building in Brooklyn, N.Y.;

* A $495,000 loan for a four-story apartment building in Brooklyn, N.Y.,

* A $295,000 loan for a five-story co-op building in Brooklyn, N.Y.;

* A $750,000 loan for a four-story, mixed-use building in New York City;

* A $1.7 million loan for a five-story, mixed-use building in New York City;

* A $600,000 loan for a three-story, mixed-use building in Brooklyn, N.Y.,

* A $112,000 loan for a one-story office building in Glendale, N.Y.;

* A $300,000 loan for a four-story, mixed-use building in New York City;

* An $80,000 acquisition loan for a two-story, mixed-use building in Keansburg, NJ.;

* A $325,000 acquisition loan for a three-story, mixed-use building in Brooklyn, N.Y.;

* A $450,000 acquisition loan for a one-story office building in Green Lawn, N.Y.;

* A $250,000 loan for a four-story apartment building in Hackettstown, N.Y.;

* A $700,000 loan for a five-story, mixed-use building in New York City;

* A $250,000 acquisition loan for a three-story office building in Brooklyn, N.Y.;

* A $499,999 loan for a one-story office building in Woodhaven, N.Y.;

* A $103,000 acquisition loan for a two-story, mixed-use building in Queens Village, N.Y.;

* A $1 million acquisition loan for a one-story office building in Dix Hills, N.Y.;

* A $180,000 acquisition loan for a three-story, mixed-use building in Jersey City, N.J.;