News: Brokerage

GCP Capital Group arranges 13 deals totaling $254.898 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $254.898 million for the following 13 properties: * $100 million for a portfolio of three 13-story multifamily apartment buildings containing a total of 768 apartments and 6 professional offices, located in Rockaway Park, Queens. Adam Brostovski, principal of GCP, arranged the financing. * $55.6 million for a portfolio of eight multifamily apartment buildings containing a total of 731 apartments and 10,260 s/f of commercial space, located throughout Queens. Paul Greenbaum, managing member of GCP, arranged the financing. * $25 million for a four-story commercial building of 27,800 s/f containing two credit tenants, located on Third Ave. in Manhattan. Matthew Classi, managing member, and Jack Fried, senior associate of GCP, arranged the financing. * $20 million in combined financing for a one-story retail building of 12,200 s/f containing three commercial spaces, located on 71st Ave. in Queens. Stephen Katz, senior associate of GCP, arranged the financing. * $10.3 million for three contiguous five-story multifamily buildings containing a total of 93 apartments, located on Sherman Ave. in Manhattan. Brostovski arranged the financing. * An $8.5 million construction loan for the acquisition and development of a 15,000 s/f commercial building to be leased to a gym, located on Smith St. in Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. * $8 million for three four-story apartment buildings containing eight apartments and one retail unit located on Withers St. in Brooklyn. Albano arranged the financing. * $5.663 million for a six-story apartment building containing 28 apartments and two stores, located on West 144th St. in Manhattan. Brostovski arranged the financing. * $5.5 million for the development of an existing four-story apartment building with 16 apartments, located on the Upper East Side. Brostovski arranged the financing. * $5.35 million for three contiguous multifamily buildings containing a total of 35 apartments, located in the Clinton Hill section of Brooklyn. Classi arranged the financing. * $4.54 million in combined financing for three multifamily buildings containing a total of 13 apartments and two stores, located throughout Brooklyn and Queens. Albano arranged the financing. * $3.445 million for a three-story apartment building containing nine apartments and 3,550 s/f of commercial space, located on Greenwood Ave. in Brooklyn. Classi arranged the financing. * A $3 million acquisition loan for the proposed development of a four-story condominium building containing seven apartments, located on 21st St. in Brooklyn. Albano arranged the financing.
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