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Meridian Capital Group announced the following transactions: * a new mortgage of $9.5 million for three multifamily, six-story, Section-8 buildings on Park Hill Ave. in Staten Island, N.Y. The loan [...]

Andrew Stewart, of David Cronheim Mortgage Corporation, has secured $3.2 million in acquisition and permanent financing for Annapolis Gardens in Atlantic City, N.J. The property is a two-story, garden apartment [...]

Thea Goodwin & Associates arranged the sale of 39 apartments and one professional unit at the Dorchester Apartment Corporation, an 80-unit complex located on Nostrand Ave. in Marine Park, Brooklyn. [...]

A new mortgage of $960,000 was placed by Meridian on a 35-unit, 4-story walk up apartment building on Newkirk Avenue in Brooklyn. The loan featured a rate of 6.61% and [...]

A new mortgage of $1,175,000 was arranged by Meridian on a 49-unit, 4-story multi-family apartment building on Albany Avenue in Brooklyn. The loan featured a rate of 6.9% and a [...]

GCP Capital Group has arranged mortgage financing in the aggregate amount of $7,725,000 for the following multi-family properties $2 million for a five-story, walk-up apartment building containing 21 units with [...]

Meridian placed a new mortgage of $38,220,000 on 38 multifamily buildings in the Bronx. The loan featured an 80% LTV. This transaction was negotiated by Michael [...]

Meridian negotiated a new mortgage in the amount of $15,600,000 on a 207 unit, 35 story Elevator Apartment Building on Second Avenue in Manhattan. The co-op is 88% sold and [...]

Meridian negotiated a new mortgage in the amount of $2,100,000 on a 61 unit, 6 story Elevator Apartment Building on Ocean Avenue in Brooklyn, N.Y. The loan featured a rate [...]

A new mortgage of $4,800,000 was placed by Meridian on Crescent Pointe, a 244-unit garden apartment complex in Maryland. The loan featured 10-year term. Jacob Katz of Meridian's Maryland office [...]

A new mortgage of $7,200,000 was placed by Meridian on a 194 unit, garden apartment complex on Union Road in Spring Valley, N.Y. The loan featured a rate of 7.58% [...]

Winter & Company has successfully closed a multi-phase construction-to-permanent mortgage for a 63-unit apartment building located on 110th St., facing Central Park in Harlem. First, second, and third mortgages were [...]

Meridian placed a new mortgage of $1,250,000 on a 14 unit, 5 story Elevator Apartment Building on Second Avenue in Manhattan. The loan featured a 10-year term. The transaction was [...]

Meridian placed a new mortgage of $1,639,000 on a 46 unit, 6 story Elevator Apartment Building on Ridge Boulevard in Brooklyn, NY. The loan featured a rate of 7.6% and [...]

Meridian placed a new mortgage of $4,800,000 on a 180 unit, 6 story elevator apartment Building on Central Avenue in Far Rockaway, NY. The loan featured a 10-year term and [...]

GCP Capital Group has arranged mortgage financing for the following two properties: A one-year interim/acquisition loan in the amount of $3,600,000 for a four-story, elevator apartment building containing 71 apartments [...]

In Upper Manhattan, Meridian negotiated a $3,550,000 mortgage for a six-story ELEVATOR APARTMENT Building that contains 36 apartments and two stores. The subject property, which had monthly rents ranging from [...]

A blanket mortgage in the amount of $3,250,000 was placed on a group of four, 4-story WALK-UP APARTMENT BUILDINGS totaling 84 apartments and 5 stores in the Flatbush section of [...]

In Mansfield, Conn. Meridian Capital Group recently closed a 10-year fixed rate mortgage of $14 million -- 88% of cost - at 225 basis points over the 10-year Treasury bill [...]

A new mortgage was negotiated by Meridian in the amount of $5,000,000 on a 107 unit, 7 story elevator apartment building on HENRY HUDSON PARKWAY - in RIVERDALE, NY. The [...]

A new mortgage in the amount of $1750,000 was placed on a 44-unit, five-story walk-up apartment building on E. 25th St. The loan featured a rate of 8.375 percent and [...]

The Hackensack-based investment property specialist firm of Gerber/Somma Associates has scored a major brokerage triumph by locking-up the sale of a midrise elevator apartment building at 12 Summit Street, East [...]

Jack Houlihan & Mike O'Neill of Houlihan-Parnes Realtors, LLC announce the placement of a $425,000 new first mortgage on 2871 Grand Concourse, a 22-unit, five-story walkup apartment building located in [...]

Patrick Niland, president of First Funding, and John Bariletti of Logistics Funding cooperated to place a new first mortgage loan of $225,000 for a beautiful brick and limestone apartment building [...]

Emigrant Funding Corp., a subsidiary of Emigrant Savings Bank, announced the closing of five loans totaling $620,000, including acquisition financing for $135,000 of a three-story, mixed-use, walk-up building with two [...]

American Property Financing (APF) recently announced the completion of the first Liberty Bond transaction in New York City for the $116.5 million financing of the Solaire; which is a 293-unit [...]

Each year, the staff of the New York City Rent Guidelines Board (RGB) conducts the Price Index of Operating Costs for Rent Stabilized Apartment Buildings. Much like the Consumer Price [...]

Faced with rents that do not cover actual operating costs, multi-family building owners and cooperative corporations that own units should consider applying for hardship increases for low rent apartments. Believe [...]

Several Manhattan residential apartment projects that have been on the drawing boards, for many years in some cases, are about to break ground. Some of these buildings were held up [...]

Robert W. Ranieri, managing director of NorthMarq Capital's Capital Services Group East, and David Farrell, NorthMarq managing director in Kansas, arranged combined first mortgage financing of $35.11 million for an [...]

Arbor Commercial Funding, LLC announced the following transactions: * A $4,900,000 loan under the Fannie Mae DUS Loan product line for the 217-unit complex known as Sterling Court Apartments in [...]

NorthMarq Capital arranged an $8,000,000 permanent loan for a 222-unit garden apartment complex in Morris County, New Jersey. Mark Scott, senior vice president & managing director of NorthMarq's New Jersey [...]

Meridian announced the following transactions: * A new mortgage of $9,250,000 on a 6-story multifamily building, containing 165 apartments and 10 stores, on 4th Avenue in Brooklyn, NY. The loan [...]

Eastern Union announced the following transactions: * A $29,000,000 fully leveraged first lien mortgage for the refinance of a mixed use property including 213 residential units and 22 retail units [...]

Eastern Union announced the following transactions: * A $2,000,000 first lien mortgage for the refinance of a 8-unit multifamily property in New York, NY. This transaction was arranged by Michael [...]

Meridian announced the following transactions: * A new mortgage was placed by Meridian for $21,000,000 on a 31,000 s/f retail building on Broadway in New York, NY. The property will [...]

Arbor Commercial Funding, LLC announced the following transactions: * A $18,100,000 loan under the Fannie Mae DUS Loan product line for the 154-unit apartment complex at 2025 Seward in Bronx, [...]

Pergolis Swartz Associates, Inc. announced the following transactions: * Barry Swartz closed $6,190,000 in permanent financing for two retail tax payers on East Tremont Avenue in the Bronx. * $3,000,000 [...]

Eastern Union announced the following transactions: * A $6,900,000 first lien mortgage for the refinance of a 23-unit multifamily property in Brooklyn, NY. This transaction was arranged by Aron Stern. [...]

Meridian announced the following transactions: * A new mortgage of $5,300,000 on a 69-unit multifamily building on Marble Hill Avenue in New York, NY. The loan featured a rate of [...]

Arbor Commercial Funding, LLC announced the following transactions: * A $12,900,000 loan under the Fannie Mac DUS Loan product line for the 200-unit complex known as Park Place in Montgomery, [...]

Pergolis Swartz Associates, Inc. announced the following transactions: * Jerry Swartz and Ayush Kapahi co-brokered a permanent loan in the amount of $4,300,000 for a 36 unit apartment building on [...]

Meridian announced the following transactions: * A new mortgage of $5,550,000, along with a $1,000,000 credit line, on a 186 unit, 6-story co-op building on Westminster Road in Brooklyn, NY. [...]

Arbor Commercial Funding, LLC announced the following transactions: * A $1,815,000 loan under the Fannie Mac DUS Small Loan product line for the 54-unit complex known as Belvedere Gardens in [...]

Arbor Commercial Funding, LLC announced the following trnasactions: * A $38,455,900 loan under the Fannie Mac DUS MBS product line for the 510-unit complex known as The Grove at Turtle [...]

Eastern Union announced the following transactions: * A $1,700,000 first lien mortgage for the refinance of a 71-unit multi-family property in Brooklyn, NY. This transaction was arranged by David Metzger. [...]

The owner of a 224-unit garden apartment complex in Brooklyn recently restructured its debt and averted the possibility of a foreclosure proceeding when its original lender agreed to take an [...]

Meridian announced the following: * A new mortgage for $20,000,000 on a 31,000 s/f retail/office building on Broadway in New York, NY. The property will benefit from a rate of [...]