News: Finance

GCP Capital Group arranges three transactions totaling $12.45 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 $12.45 million for the following properties: $9 million for an 18-story mixed-use building containing 134 units and one store, located on Lexington Ave. Adam Brostovski, principal of GCP Capital Group, arranged the financing for this transaction. $2.5 million for a six-story elevator apartment building containing 52 units, located on St. Marks Ave. in Brooklyn. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing for this transaction. $950,000 for a three-story apartment building containing five units, located on Manhattan Ave. in Brooklyn. Matthew Albano, senior consultant of GCP Capital Group, 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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