GCP Capital Group arranges $76.9 million; Greenbaum of GCP handles five deals totaling$27.8 million

December 27, 2012 - New York City

Matthew Classi, GCP Capital Group LLC

Paul Greenbaum, GCP Capital Group LLC

Adam Brostovski, GCP Capital Group LLC

David Sessa, GCP Capital Group LLC

GCP Capital Group LLC, has arranged mortgage financing in the aggregate amount of $76.9 million for the following properties:
A rate modification in the amount of $14.6 million for four retail condominium units of 9,000 s/f, located in a 15-story residential condominium building on Lexington Ave. Matthew Classi, managing member of GCP, arranged the financing.
$7 million for a six-story walk-up apartment building containing 38 units and 3,000 s/f of commercial space, located on Hudson St. Paul Greenbaum, managing member of GCP, arranged the financing.
An acquisition loan in the amount of $6 million for a six-story elevator apartment building containing 84 units, located on Sheridan Ave. in the Bronx. Adam Brostovski, principal of GCP, arranged the financing.
$4.2 million for three contiguous five-story walk-up apartment buildings containing a total of 51 apartments, located on West 45th St. Greenbaum arranged the financing.
A construction loan in the amount of $2.45 million for the gut renovation of a vacant five-story building into 10 residential units, located on East 2nd St. David Sessa, senior associate of GCP, arranged the financing.
$10.5 million for a six-story elevator apartment building containing 54 units, located on Fifth Ave. Greenbaum arranged the financing.
$5.1 million for two adjoining five-story walk-up apartment buildings containing a total of 59 units, located on Crescent St. in Long Island City. Matthew Albano, senior broker of GCP, arranged the financing.
$4.2 million for a six-story walk-up apartment building containing 19 units and 1,000 s/f of commercial space, located on Christopher St. Classi arranged the financing.
A construction loan in the amount of $4.25 million for the ground-up construction of three buildings with an aggregate of 20,500 s/f, located on Withers St. in Brooklyn. Albano arranged the financing.
$10 million for a seven-story elevator apartment building containing 107 units and 8,800 s/f of commercial space, located on Broadway. Brostovski arranged the financing.
$3.5 million for a single-story retail building comprised of 14,700 s/f, located on Jamaica Ave. in Queens. Greenbaum arranged the financing.
$2.5 million for a five-story walk-up apartment building containing 22 apartments, located on West 148th St. Brostovski arranged the financing.
$2.6 million for a four-story walk-up apartment building containing 38 units, located on Coney Island Ave. in Brooklyn. Greenbaum arranged the financing.
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