GCP Capital Group arranges seven transactions totaling $22.75 million

July 13, 2009 - Financial Digest

Paul Greenbaum, GCP Capital Group

Adam Brostovski, GCP Capital Group

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 $22.75 million for the following properties:

$6 million for a single-story retail strip center comprised of 28,660 gross s/f. Paul Greenbaum, managing member of GCP Capital Group LLC, arranged the financing for this transaction.
$4.9 million for the conversion of an 18-story vacant building into a mixed-use loft-style building comprised of 126,800 s/f, located in Jersey City, N.J. Adam Brostovski, principal of GCP Capital Group arranged the financing for this transaction.
$3.25 million for a 10-story art-deco office building comprised of 59,980 gross s/f, located in Jersey City, N.J. Brostovski arranged the financing for this transaction.
$1.75 million for a four-story, walk-up apartment building containing 39 units, located on 91st Ave. in Queens. Brostovski arranged the financing for this transaction.

$2.25 million for a four-story, walk-up apartment building containing 46 units, located on 32nd Ave. in Queens. Brostovski arranged the financing for this transaction.
$3 million for a six-story elevator apartment building containing 36 units, located on West 21st St. in Manhattan. The loan closed at 5.5% and in 8 days from start to finish. Greenbaum arranged the financing for this transaction.

$1.6 million for a six-story elevator apartment building containing 55 units, located on East 18th St. in Brooklyn. Greenbaum arranged the financing for this transaction.
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