GCP Capital Group arranges 16 mortgages totaling $124.975 million; Includes $15.6 million by Perlmutter for mixed-use building

August 15, 2017 - Financial Digest

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $124.975 million for the following 16 properties:

• $15.6 million for a five-story mixed-use building containing 19 apartments and 2,850 s/f of retail space on Lexington Ave., Manhattan. Alan Perlmutter, managing  member of GCP, arranged the financing.

• $15 million for a six-story mixed-use building containing 38 apartments with 7,250 s/f of commercial space  on West 125th St., Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.

• $10 million for a 12,000 s/f commercial unit, located on the ground floor of a 16-story mixed-use cooperative building on East 83rd St., Manhattan.  David Sessa, senior associate of GCP, arranged the financing.

• $9.745 million for a six-story multifamily apartment building containing 72 units on East 17th St., Brooklyn. Perlmutter arranged the financing.

• $9.5 million for a six-story multifamily apartment building containing 19 units on Second Ave., Manhattan. Perlmutter arranged the financing.  

• $8.6 million for two adjacent seven-story multifamily apartment buildings containing a total of 58 units  on East 85th St., Manhattan. Matthew Classi, managing member of GCP, arranged the financing. 

• $8.6 million for a six-story mixed-use building containing 23 apartments and one ground floor commercial unit on Rivington St., Manhattan. Matthew Albano, managing director of GCP, arranged the financing.  

• $7.8 million for two six-story multifamily apartment buildings containing a total of 84 units on Cauldwell Ave., Bronx Michael Charnowitz, senior associate of GCP, arranged the financing. 

• $6.5 million for a six-story multifamily apartment building containing 36 units on Putnam Ave., Brooklyn. Greenbaum arranged the financing.

• $6 million for a two-story, 100% occupied commercial building comprised of 23,600 gross s/f on Flatlands Ave., Brooklyn. Sessa arranged the financing.

• $5.7 million for a newly built, two-story commercial building comprised of 5,000 s/f on Spring St., Manhattan. Classi arranged the financing.

• $5.5 million for a two-story, fully occupied commercial retail building comprised of 7,650 s/f on Allen St.,  Manhattan. Adam Brostovski, principal of GCP, arranged the financing.

• $4.88 million for three three-story multifamily buildings containing a total of 13 apartments and 1,500 s/f of commercial space, located in the Greenpoint neighborhood of Brooklyn. Albano arranged the financing.

• $4.6 million for a gut-renovated, six-story multifamily apartment building containing nine units and 1,050 s/f of ground floor commercial space on First Ave., Manhattan. Classi arranged the financing. 

• $3.95 million combined financing for two multifamily apartment buildings containing a total of 29 units in the Carroll Gardens and Cobble Hill neighborhoods of Brooklyn. Stephen Katz, senior associate of GCP, arranged the financing. 

• $3 million for four contiguous mixed-use buildings containing a total of eight apartments and three commercial units on Arthur Ave. in the Bronx. Greenbaum arranged the financing.

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