GCP Capital Group arranges ten mortgages totaling $83.395 million; Includes $24 million for two six-story buildings by Brostovski

September 17, 2019 - Financial Digest

 

Matthew Albano, GCP

 

Adam Brostovski, GCP

 

Jack Fried, GCP

 

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $83.395 million for the following 10 deals:

• $24 million combined financing for two six-story mixed-use apartment buildings containing a total of 52 units with 26,920 s/f of commercial space on St. Nicholas Ave., Manhattan.  Adam Brostovski, principal of GCP, arranged the financing.  

• $11.05 million for a five-story mixed-use building containing 39 apartments and 4,840 s/f of commercial space on St. Nicholas Ave., Manhattan. Brostovski arranged the financing.  

• $8.9 million for a six-story mixed-use building containing 92 apartments and five retail units on Virginia Ave., Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. 

Paul Greenbaum, GCP

 

Stephen Katz, GCP

 

David Sessa, GCP

 

• $8.325 million combined financing for a four-story multifamily apartment building containing 12 units in Yonkers and two five-story multifamily apartment buildings containing a total of 69 units in the Bronx. Jack Fried, senior associate of GCP, arranged the financing.

• $8 million combined financing for three five-story multifamily apartment buildings containing a total of 81 units and 1,400 s/f of commercial space in the Fordham and Belmont neighborhoods of the Bronx. Brostovski arranged the financing.  

• $7.5 million for a 120,000 s/f health and fitness complex in the Gravesend neighborhood of Brooklyn,.  Matthew Albano, managing director of GCP, arranged the financing.  

• $6.3 million for a two-story plus basement commercial retail building of 33,000 s/f containing three units on Jerome Ave., Bronx. David Sessa, managing director of GCP, arranged the financing. 

• $5 million for a newly built, six-story residential condominium building containing five apartments and two commercial units on Grand St., Manhattan. Albano arranged the financing.

• $2.82 million for a four-story multifamily apartment building containing 20 units and 1,550 s/f of commercial space in St. Johns Place in Brooklyn. Stephen Katz, managing director of GCP, arranged the financing.  

• $1.5 million combined second mortgage financing for two development projects resulting in a total of 10 residential apartments and a 9,250 s/f of ground floor commercial space in the Williamsburgh neighborhood of Brooklyn. Albano arranged the financing.

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