GCP Capital Group arranges four loans totaling $69.775 million

Matthew Classi, GCP

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $69.775 million for the following four deals: • $46 million combined financing for four 16-story high-rise apartment buildings containing a total of 752 units and six commercial spaces, located in Paterson, N.J. Adam Brostovski, principal of GCP, arranged the financing for these properties. • $12 million construction financing for the ground up development of a 72-unit garden style condominium project, located in Glen Cove, Nassau County. Matthew Classi, managing member of GCP, arranged the financing. • $10.125 million for two five-story apartment buildings containing a total of 108 apartments, located in Paterson, N.J. Brostovski arranged the financing for these properties. • $1.65 million for a two-story mixed-use building containing a restaurant on the ground floor and apartment on the second floor, located in Montauk, Suffolk County. Classi arranged the financing.

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