GCP Capital Group arranges eight mortgages totaling $57.925 million

September 18, 2018 - Financial Digest
Matthew Albano, GCP

 

Adam Brostovski, GCP

 

Matthew Classi, GCP

 

New York, NY GCP Capital Group LLC has arranged 13 mortgage financings totaling $120.375 million:

• A $34 million construction loan for the first phase of a two-phase development project of an assemblage of five single-story retail properties into a retail and condo complex. Phase I will contain 46 units and 24,250 s/f of above/below grade commercial space. The property is on the block of 31st St. in Astoria. Matthew Classi, managing member of GCP, arranged the financing.  

• $13.3 million for a six-story mixed-use building containing 48 apartments and 5,500 s/f of commercial space in the Washington Heights section of Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing.

• $12.5 million for two five-story multifamily apartment buildings containing 92 units on Morris Ave., Bronx. Adam Brostovski, principal of GCP, arranged the financing.  

• $9.9 million for a six-story multifamily apartment building containing 54 units and 6,640 s/f of commercial space on St. Nicholas Ave., Manhattan. Brostovski arranged the financing. 

• $9 million for a six-story multifamily apartment building containing 69 units on Selwyn Ave., Bronx. Paul Greenbaum, managing member of GCP, arranged the financing.  

• $8 million for two adjacent four-story multifamily apartment buildings containing 32 units on Ocean Pwy., Brooklyn. Matthew Albano, managing director of GCP, arranged the financing. 

• $7.25 million for a six-story multifamily apartment building containing 89 units on Albemarle Rd., Brooklyn.  Paul Greenbaum, managing member of GCP, arranged the financing.

Jack Fried, GCP

 

Paul Greenbaum, GCP

 

David Sessa, GCP

 

• $6.3 million for two five-story multifamily apartment buildings containing a total of 62 apartments in the Inwood section of Upper Manhattan.  Jack Fried, senior associate of GCP, arranged the financing.   

• $6 million for a six-story multifamily apartment building containing two units in the East Village neighborhood of Manhattan. Perlmutter arranged the financing.  

• $6 million for the development of a two-story commercial building of 19,200 s/f in Jamaica, Queens. Greenbaum arranged the financing.  

• $4 million for the acquisition of 53 individual condo units located in different buildings throughout the Parkchester neighborhood of the Bronx. George Spanos, senior associate of GCP, arranged the financing.  

• $2.5 million for two six-story multifamily buildings and one six-story mixed-use building containing a total of 63 apartments and approximately 10,300 s/f of commercial space on St. Nicholas Ave., Manhattan. Brostovski arranged the financing.  

• A second mortgage in the amount of $1.925 million for three four-story mixed-use apartment buildings containing 20 apartments and eight commercial units in Upper Manhattan. Michael Charnowitz, senior associate of GCP, arranged the financing

Comments

Add Comment


More from the New York Real Estate Journal