News: Brokerage

GCP Capital Group arranges 12 mortgages totaling $75.755 million

GCP Capital Group LLC has arranged mortgage financing in the amount of $75.755 million for the following 12 deals: * $21 million for eight retail condo units comprised of 21,100 total s/f, located at the base of a ten-story apartment building on Fulton St. in Manhattan. David Sessa, senior associate at GCP, arranged the financing. * $12.7 million for a portfolio of five apartment buildings with a total of 28 units and a four-story apartment building containing 12 units plus 2,800 s/f of ground floor retail space on the Upper East Side. Matthew Classi, managing member of GCP, arranged the financing. * $7.5 million for a two-story industrial building comprised of 158,350 s/f, located on Masepth Ave., Queens. Matthew Albano, senior broker of GCP, arranged the financing. * $5.975 million for a six-story apartment building containing 89 units, located in Hollis, Queens. Adam Brostovski, principal of GCP, arranged the financing. * $5.75 million for two five-story apartment buildings containing a total of 52 units on West 152nd St., Manhattan. Brostovski arranged the financing. * $5.625 million combined financing for a four-story apartment building containing five units and 2,200 s/f of commercial space and a five-story apartment building containing 30 units, located on the Upper East Side and Midtown Center neighborhoods. Albano arranged the financing. * $5 million for a six-story apartment building containing 48 units, located on Sheridan Ave., Bronx. Brostovski arranged the financing. * $3.5 million for a four-story apartment building containing 16 units, located on Rogers Ave., Brooklyn. Michael Charnowitz, senior associate of GCP, arranged the financing. * $2.5 million for a one-story retail and industrial commercial building occupied by four tenants on West 202nd St., Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing. * $2.475 million for a four-story apartment building containing 25 units, located on East 31st St., Brooklyn. Greenbaum arranged the financing. * $2.3 million for a five-story building containing 11 apartments, located on East 83rd St., Manhattan. Classi arranged the financing. * $1.43 million for a five-unit retail strip consisting of 5,200 s/f, located on East Tremont Ave., Bronx. Sessa arranged the financing.
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