Meridian’s $9.5M Mortgage In Bronx, GCP’s $54.7M In Financing

Posted on February 11, 2017, 10:19 am
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Meridian Capital announced the following transactions:

GCP Capital Group has arranged mortgage financing in the aggregate amount of $54,700,000 for the following properties:

Emerald Creek Capital provided a $3,250,000 loan for the refinance of a 14,698 s/f warehouse in the primarily commercial and industrial neighborhood of Sunset Park in Brooklyn, NY. The subject property is currently utilized for flex-industrial use and features 3,500 s/f of mezzanine loft space including three private offices. The subject property is located just outside of Manhattan with access via the Brooklyn Bridge and the Brooklyn Battery Tunnel.

Eastern Union Funding announced the following transactions:

Kennedy Funding Financial closed a $1.705 million loan to EW Acquisition LLC. The will be used for working capital and for improvements in the development, The Seasons at East Windsor. The 89,038 s/f facility will be on a 3.97-acre property, with 121 units and 148 beds. The facility will have both assisted living and memory care housing.

 

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