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.
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