News: Brokerage

GCP Capital Group arranges financing for five properties totaling over $43.362 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 $43.362 million for the following properties: * $20.5 million for a luxury two-story garden apartment complex containing a total of 200 units, located in Islip Terrace, Suffolk County. Matthew Classi, managing member of GCP Capital Group, arranged the financing for this transaction. * $7.2 million for a five-story mixed-use building containing a ground floor retail unit and four commercial lofts, located on Broadway in Manhattan. David Sessa, senior associate of GCP Capital Group, arranged the financing for this transaction. * $10 million for a two-story garden apartment complex containing a total of 92 units, located in Islip, Suffolk County. Matthew Classi, managing member of GCP Capital Group, arranged the financing for this transaction. * $3,637,500 for a six-story apartment building containing 54 apartments, located on Barnes Ave. in the Bronx. Adam Brostovski, principal of GCP Capital Group, arranged the financing for this transaction. * $2.025 million for a four-story mixed-use building containing 18 apartments and a ground floor retail store of 1,200 s/f, located in Astoria, Queens. Matthew Albano, senior broker of GCP Capital Group, arranged the financing for this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.