GCP Capital Group arranges 13 mortgages totaling $133.175 million

April 14, 2017 - Financial Digest

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $133.175 million for the following 13 properties:

• $50 million for a portfolio of ten multifamily apartment buildings containing a total of 474 units, located in the Inwood, Hudson Heights and Washington Heights sections of Manhattan. Adam Brostovski, principal of GCP, arranged the financing.

• $15.75 million for a new 29,000 s/f mixed-use building containing 35 apartments and two commercial units, located on Fulton St. in Brooklyn.  Matthew Albano, managing director of GCP, arranged the financing.

• $14 million for two six-story multifamily apartment buildings containing a total of 161 units, located on Highland Blvd. in Brooklyn. Brostovski arranged the financing.

• $8.75 million for a four-story apartment building containing 57 units and 3,700 s/f of commercial space, located on St. Nicholas Ave. in Brooklyn. Alan Perlmutter, managing member of GCP, arranged the financing.

• $8 million for a seven-story multifamily apartment building containing 65 units, located on Fulton St. in Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing. 

• $7 million for a 22,000 s/f multi-level commercial condominium unit located at the base of a 12-story building in the Lower East Side of Manhattan. Matthew Classi, managing member of GCP, arranged the financing.

• $6.15 million for a six-story mixed-use building containing 42 apartments and two ground floor commercial units, located on Grand Concourse in the Bronx. Brostovski arranged the financing.

• $5.825 million for a five-story apartment building containing 45 units and 3,000 s/f of commercial space, located on Putnam Ave. in Queens. Perlmutter arranged the financing.     

• $5 million for a six-story multifamily apartment building containing 66 units, located on West 172nd St. in the Bronx. Greenbaum arranged the financing. 

• $4.5 million for a six-story multifamily apartment building containing 59 units, located on Wallace Ave. in the Bronx. Brostovski arranged the financing. 

• $4.2 million for a single-story commercial building comprised of 12,500 s/f, located on Hillside Ave. in Queens. Greenbaum arranged the financing .

• $2.5 million for a five-story multifamily apartment building containing 10 units, located on East 132nd St. in Manhattan. David Sessa, senior associate of GCP, arranged the financing.

• $1.5 million for the acquisition of a four-story mixed-use building and the adjacent vacant lot, located in the Bedford-Stuyvesant neighborhood of Brooklyn. Albano arranged the financing.