GCP Capital Group places $45.18 million in mortgage financing for 9 properties

July 30, 2012 - Financial Digest

Paul Greenbaum, GCP Capital Group LLC

Alan Perlmutter, GCP Capital Group LLC

Adam Brostovski, GCP Capital Group LLC

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $45.18 million for the following properties:
* $13.5 million for a 408 room hotel located in West Cherry Hill, N.J. Paul Greenbaum, managing member of GCP arranged the financing.
* $3.6 million for a four-story walk-up apartment building containing 34 units and 3,800 s/f of retail space, located on East 5th St. in Brooklyn. Michael Charnowitz, senior associate of GCP, arranged the financing.
* $3.1 million for a six-story elevator apartment building containing a total of 35 apartments, located on Ocean Ave. in Brooklyn. Greenbaum arranged the financing for this transaction.
* $2.2 million for a six-story walk-up apartment building containing 20 apartments and 2,100 s/f of retail space, located on West 173rd St. in Manhattan. Stephen Katz, senior associate of GCP, arranged the financing.
* $1.33 million for a three-story apartment building containing 5 apartments, located on Graham Ave. in Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing.
* $9.75 million for two contiguous three-story elevator apartment buildings containing a total of 132 apartments, located on Front St. in Hempstead. Albano arranged the financing.
* $5.1 million for two single-tenant Long Island industrial buildings - 85,550 s/f located in Hempstead, and 146,600 s/f located in Westbury. Alan Perlmutter, managing member, and George Spanos, senior associate of GCP, arranged the financing.
* $4.5 million for a five-story elevator commercial industrial loft building comprised of approximately 59,000 s/f, located in Jersey City, N.J. Greenbaum arranged the financing.
* $2.1 million for a six-story walk-up apartment building containing 30 apartments, located on West 163rd St. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing.
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