News: Finance

GCP Capital Group arranges four transactions totaling $34.565 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 $34.565 million for the following properties: $22.5 million for the development of a new 12-story mixed-use building containing 68,000 s/f of commercial space, 263,000 s/f of residential space and 121,000 s/f of underground parking space. Adam Hakim and Mark Hakim, senior associates of GCP Capital Group LLC, arranged the financing for this transaction. $6.55 million for a six-story elevator apartment building containing a total of 47 apartments, located on Joralemon St. Greenbaum arranged the financing for this transaction. $600,000 for a five-story mixed-use building containing six residential units and one commercial unit, located on Sixth Ave. in Manhattan. Matthew Albano, senior consultant of GCP Capital Group, arranged the financing for this transaction. $5.25 million for a six-story elevator apartment building containing a total of 31 apartments, located on Joralemon St. Greenbaum arranged the financing for this transaction.
Tags: Finance
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Meridian Capital Group secures $16.35 million loan from JPMorgan Chase for 103-Unit multifamily complex in Kew Gardens

Kew Gardens, NY Meridian Capital Group has secured $16.35 million in financing on behalf of BRG for Dale Gardens, a 103-unit multifamily complex located at 84-17 125th St. The loan was provided by JPMorgan Chase and was placed by Meridian’s Avi Weinstock and Chesky Klein.
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