GCP Capital Group arranges seven transactions totaling $30.49 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 $30.49 million for the following properties: $5.1 million for the conversion of a two-story retail building into a six-story elevator building with commercial on the first and second floors and apartments on floors three through six, located on Ninth Ave. in Manhattan. David Sessa, senior associate of GCP Capital Group, arranged the financing for this transaction. $11.6 million for the ground up development of a 48 unit residential building of 38,700 gross s/f, located in Downtown Brooklyn. Matthew Albano, senior consultant of GCP Capital Group, arranged the financing for this transaction. $2.9 million for a five-story elevator apartment building containing 45 units, located on Davidson Ave. in the Bronx. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing for this transaction. $5 million for two contiguous five-story walk-up apartment buildings containing 96 units, located on Nagle Ave. in Manhattan. Greenbaum arranged the financing for this transaction. $1.54 million leasehold mortgage at 6.5%, 5 year term for a one-story gas station on .5 acres, located on Linden Blvd. in Elmont, N.Y. Sessa and Albano arranged the financing for this transaction. $2.25 million for three contiguous five-story walk-up apartment buildings containing 52 units and 2 stores, located on Ludlow St. in Manhattan. Adam Brostovski, principal of GCP Capital Group, arranged the financing for this transaction. $2.1 million for three contiguous five-story walk-up apartment buildings containing 53 units and three stores, located on West 26th St. in Manhattan. Brostovski arranged the financing for this transaction.