News: Brokerage

GCP arranged nine mortgage deals totaling $96.35 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $96.35 million for the following nine properties: * $33.25 million for eight six-story rental buildings containing a total of 235 units and 5,800 s/f of commercial space, located throughout Manhattan. Matthew Albano, senior broker of GCP, arranged the financing. * $15.75 million for the construction of a brand new limited service hotel, located in the Midtown West section of Manhattan. Adam Hakim, senior associate of GCP, arranged the financing. * $14 million for four six-story apartment buildings containing a total of 153 apartments, located on Seaman Ave. in Manhattan. The rate was fixed at 2.75% for five years plus a five-year option. Paul Greenbaum, managing member of GCP, arranged the financing. * $10 million for two six-story apartment buildings containing a total of 160 apartments, located on Highland Blvd. in Brooklyn. Adam Brostovski, principal of GCP Capital Group, arranged the financing. * $7.1 million for two five-story apartment buildings containing a total of 23 units and two commercial spaces, located in the West Village and Lower East Side sections of Manhattan. Matthew Classi, managing member of GCP, arranged the financing. * $5.5 million for a five-story apartment building containing 99 units, located in Jersey City, N.J. Greenbaum arranged the financing. * $4.75 million for a six-story apartment building containing 70 apartments, located on 89th Ave. in Queens. Greenbaum arranged the financing. * $4.5 million for a portfolio of six buildings containing a total of 39 apartments and four stores, located throughout the Bronx. Stephen Katz, senior associate, and Jack Fried of GCP, arranged the financing. * $1.5 million for a four-story residential building containing four apartments, located on East 6th St. in Manhattan. George Spanos of GCP, arranged the financing.
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