News: Finance

GCP Capital Group arranges eight transactions totaling $129.275 million

GCP Capital Group LLC, one of the nation's most active companies specializing in investment real estate finance, has arranged mortgage financing in the aggregate amount of $129.275 million for the following properties: $57.1 million for three connected, six-story elevator apartment buildings containing 272 residential units and seven commercial units, located in Manhattan. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing. $4.5 million for a six-story elevator apartment building containing 76 units, located on 89th Ave. in Queens. Adam Brostovski, principal of GCP Capital Group, arranged the financing. $4.8 million for a six-story elevator apartment building containing 72 units, located on Cruger Ave. in the Bronx. Greenbaum arranged the financing. $36 million for four high-rise buildings containing a total of 752 residential units and eight commercial units, located in Paterson, N.J. Brostovski arranged the financing. $8 million for a retail shopping center comprised of 150,994 s/f, located in Holbrook, Suffolk County. Alan Perlmutter, managing member of GCP Capital Group, arranged the financing. $2.175 million for a 20,000 s/f single tenant building located in Staten Island. Judd Volk, senior associate of GCP Capital Group, arranged the financing. $13.2 million for a six-story elevator apartment building with 159 units, located in Flushing, Queens. Stephen Katz, senior associate of GCP Capital Group, arranged the financing. $3.5 million for a newly constructed, two-story office building comprised of 25,200 s/f, located in Suffolk County. David Sessa, senior associate of GCP Capital Group, arranged the financing for this transaction with a Long Island Credit Union.
Tags: Finance
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