News: Finance

GCP Capital Group arranges nine deals totaling $98.43 million

GCP Capital Group LLC has arranged mortgage financing in the amount of $98.43 million for the following nine properties: * $35 million for 369 unsold units contained within two 21-story hi-rise cooperative apartment buildings with a total of 779 units, located in Jersey City, N.J. Adam Brostovski, principal of GCP, arranged the financing. * $23.65 million for a package of 10 properties comprised of 12 apartment buildings with 337 units and nine stores, located throughout Upper Manhattan. Brostovski arranged the financing. * $12.3 million for three five-story walk-up apartment buildings containing a total of 52 units and four retail stores plus a garage, located on the Upper East Side. Matthew Classi, managing member of GCP, arranged the financing. * $10 million for a five-story elevator apartment building containing 37 apartments and five stores, located on West 13th St. in Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing. * $6.3 million for three five-story elevator apartment buildings containing a total of 81 units, located on Beck St. in the Bronx. Greenbaum arranged the financing. * $4.38 million for a five-story elevator apartment building containing 45 units, located on Davidson Ave. in the Bronx. Greenbaum arranged the financing. * $3.75 million for a seven-story elevator apartment building containing 64 apartments, located on East 34th St. in Brooklyn. Greenbaum arranged the financing. * $1.75 million for a 10,200 s/f retail shopping center containing five stores, located in North Babylon. Classi and David Sessa, senior associate of GCP, arranged the financing. * $1.3 million for a three-story, mixed-use building containing four apartments and two stores, located on Graham Ave. in Brooklyn. Matthew Albano, senior consultant of GCP, arranged the financing.
Tags: Finance
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