Finance

Real Estate Weekly,  Dec 25, 2002  

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Meridian Capital Group LLC announced the following transactions:

* Meridian Capital Group procured a new mortgage of $9.5 million with a $2 million credit line on a 446 unit, 15 story co-op building on 97th Street in Rego Park, NY. The loan featured a rate of 5.84% and a 10 year term. Samuel M. Spinner negotiated the transaction.

* A new mortgage of $8.4 million was placed by Meridian on a 90 unit, 6 story building on East 73rd Street in New York City. The loan featured a rate of 4.31% and a 10 year term. Avi Weinstock & Josh Rhine negotiated the financing.

* A new mortgage of $7.075 million was arranged by Meridian on a 54 unit, 6 story building on 1st Avenue in Manhattan. The loan featured a rate of 4.31% and a 10 year term. Avi Weinstock and Josh Rhine negotiated the transaction.

* Meridian arranged a new mortgage of $3.8 million on a 40 unit, 6 story building on East End Avenue in Manhattan. The loan featured a rate of 6% and a 10 year term. The transaction was negotiated by Aaron M. Birnbaum and Carol Shelby.

* A new mortgage of $5.2 million was placed by Meridian on a 7- story 63,000-SF office building on Summit Avenue in Jersey City, N.J. The loan featured a rate of 6.17% and a 10 year term. The transaction was negotiated by Morris Diamant & Moshe Majeski.

* Meridian negotiated a new mortgage in the amount of $2.75 million on a 74 unit, 21 story luxury doorman co-op building on Park Avenue in Manhattan. The co-op is 100% sold and the loan featured a fixed rate of 5.14% with a 10 year term. Allan Lieberman arranged the financing.

National Cooperative Bank announced the following transactions:

* A $750,000 line of credit for a condo property on Victory Boulevard in Staten Island, N.Y;

* A $4.1 million first mortgage and a $500,000 line of credit for a co-op complex on Palmer Road and Sunnybrook Road in Yonkers, N.Y.;

* A $2.2 million first mortgage and a $200,000 line of credit for a co-op building on E. 78th St. in New York City;

* A $1.5 million first mortgage for a co-op building on E. 11th St. in New York City;

* A $1.4 million first mortgage for a co-op building on Fifth Ave. in New York City;

* A $1.5 million first mortgage for a co-op building on E. 11th St. in New York City;

* A $925,000 first mortgage and a $500,000 line of credit for a co-op building at Berkeley Place in Brooklyn, N.Y.;

* A $700,000 line of credit for a co-op building on W. 30th St. in New York City;

* A $600,000 line of credit for a co-op building on Valentine Lane in Yonkers, N.Y.;

* A $575,000 first mortgage for a co-op building on Fourth Ave. in New York City;

* A $390,000 first mortgage for a co-op building on E. 7th St. in New York City;

* A $250,000 first mortgage for a co-op building on West Broadway in New York City;

* A $3.3 million first mortgage for a co-op building on W. 75th St. in New York City;

* A $3.02 million first mortgage and a $100,000 line of credit for a co-op building on E. 74th St. in New York City;

* A $1.85 million first mortgage for a co-op building on Eighth Ave. in Brooklyn, N.Y.;

* A $1.85 million first mortgage for a co-op building on E. 3rd St. in Mount Vernon, N.Y.;

* A $1.75 million first mortgage for a co-op building on Union St. in Brooklyn, N.Y.;

* A $1.2 million first mortgage and a $250,000 line of credit for a co-op building on Wooster St. in New York City;

* A $1 million first mortgage for a co-op building on E. 57th St. in New York City;

* A $750,000 first mortgage for a co-op building on W. 16th St. in New York City;

* $550,000 first mortgage and a $250,000 line of credit for a co-op building on W. 238th St. in Riverdale, N.Y.;

* A $3.6 million first mortgage and a $1 million line of credit for a co-op building on Austin St. in Forest Hills, N.Y.;

* A $3.35 million first mortgage and a $600,000 line of credit for a co-op building on West End Ave. in New York City;

* A $2.6 million first mortgage for a co-op complex on 76th St. in Jackson Heights, N.Y.;

* A $1.4 million first mortgage and a $300,000 line of credit for a co-op building on E. 83rd St. in New York City;

* A $1.25 million first mortgage for a co-op building on Amsterdam Ave. in New York City;

* A $1.1 million first mortgage and a $200,000 line of credit for a co-op complex on W. 50th St. in New York City;

* A $600,000 line of credit for a co-op building on 85th Ave. in Kew Gardens, N.Y.;

* A $550,000 first mortgage and a $200,000 line of credit for a building on Bogardus Place in New York City;

* A $500,000 line of credit for a co-op building on 85th Ave. in Kew Gardens, N.Y.

Edward Howe III, managing director, Mindy Goldstein, vice president, and Sheldon Gartenstein, senior vice president, arranged the financing for these transactions.

Holliday Fenoglio Fowler, L.P. arranged a $6.825 million acquisition loan for a 75,898 SF shopping center in Wantage, N.J. The loan featured a 10-year term. Jon Mikula, senior director, arranged the financing for this transaction.

Holliday Fenoglio Fowler, L.P. arranged a $3.5 million loan for a two-building, 22,623 SF retail center on Pershing Drive in Ansonia, Conn. The loan featured a 20-year term. Timothy Breda and Kristin Brozek arranged the financing for this transaction.