News: Finance

Brostovski, Classi, Albano and Greenbaum of GCP finance $94.83 million; Includes a $38.387 million loan for a 517-unit apartment portfolio

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $94.83 million for the following properties: * $38.387 million for a portfolio of seven five-story and five six-story apartment buildings containing a total of 517 units with two stores, located throughout the Bronx. Adam Brostovski, principal of GCP arranged the financing. * $17 million for a five-story elevator residential loft building containing 111 units, located on Taaffe Place in Brooklyn. Brostovski arranged the financing. * $15.86 million for a portfolio of six two-story garden apartment complexes containing a total of 262 units, located throughout Suffolk Counyt. Matthew Classi, managing member of GCP arranged the financing. * $10.5 million for a three-story retail and office building comprised of 40,000 s/f, located in Manhattan. Matthew Albano, senior consultant of GCP arranged the financing. * $4.8 million for a portfolio of three mixed-use buildings containing a total of 69 units and six commercial units, located throughout Manhattan. Albano arranged the financing. * $2.7 million for a one-story retail taxpayer building comprised of 10 stores, located on Merrick Blvd. in Queens. Paul Greenbaum, managing member of GCP arranged the financing. * $2.5 million for a six-story elevator apartment building containing 60 units, located on Neilson St. in Queens. Greenbaum arranged the financing. * $1.99 million for a 6,000 s/f, one-story taxpayer building with two tenants, located on 63rd Dr. in Queens. Brostovski arranged the financing. * $1.1 million for a four-story apartment building containing eight units, located on Greenpoint Ave. in Brooklyn. Classi arranged the financing.
Tags: Finance
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