News: Brokerage

GCP Capital Group closes 11 transactions totaling $49.38 million; includes $20 million by Classi and $3.85 million by Brostovski

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 $49.38 million for the following properties: $20 million for a package of 3 six-story apartment buildings containing a total of 63 units and 5,000 s/f of commercial space, located on Second Ave. in Manhattan. Matthew Classi, managing member of GCP, arranged the financing. $3.65 million for a package of 3 two-story retail buildings containing a total of 14,480 s/f, located on Lefferts Blvd. Deborah Classi-Lewis arranged the financing. $3 million for a 77,000 s/f shopping center, located in the Bronx. Louis Perlmutter, senior associate of GCP, arranged the financing. $1.5 million for a four-story walk-up apartment building containing 16 units, located on Cooper St. in Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing. $3.85 million for a six-story elevator apartment buildings containing 54 units, located on Wadsworth Ave. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing. $2.755 million for a package of two three-story residential buildings containing a total of 11 units and two commercial units, located throughout Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing. $3.55 million for a six-story apartment building containing 65 units and 1,200 s/f of commercial space, located on West 238th St. in the Bronx. Greenbaum arranged the financing. $3 million fortwo four-story apartment buildings containing a total of 15 units, located on East 35th St. in Manhattan. Classi arranged the financing. $3.2 million for a six-story apartment building containing 21 units and 3,500 s/f of commercial space, located on Essex St. in Manhattan. Greenbaum arranged the financing. $2.875 million for a six-story apartment building containing 45 units and 3 retail units, located on Grand Ave. iin the Bronx. Brostovski arranged the financing. $2.05 million for a five-story apartment building containing 47 units, located on Grand Ave. in the Bronx. Brostovski arranged the financing.
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