News: Finance

GCP Capital Group arranges four finance deals totaling $25.875 million

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $25.875 million for the following four properties:

• $8.2 million for four contiguous two-story apartment buildings containing a total of 86 apartments, located in Spring Valley. Paul Greenbaum, managing member of GCP, arranged the financing.

• $7.575 million combined second mortgage financing for two five-story multifamily apartment buildings containing a total of 185 units, located in Yonkers. Greenbaum arranged the financing.

• $7.7 million for three individual commercial buildings, solely occupied by Wells Fargo Bank branches, comprised of 70,000 s/f, located throughout New Jersey. Jack Fried, senior associate of GCP, arranged the financing.

• $2.4 million for two contiguous three-story mixed-use buildings containing eight residential units and nine commercial units, located in Rockville Centre, Nassau County.  Greenbaum arranged the financing.

Tags: Finance
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