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Brokerage
Posted: November 23, 2015
GCP Capital Group closes three loans totaling $64.6 million
New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $64.6 million for the following three deals:
• $8.5 million for a one-story commercial retail building comprised of 158,000 gross s/f and containing eight stores, located in Holbrook. Alan Perlmutter, managing member of GCP, arranged the financing for this property.
• A $55 million construction loan for a to-be-built 296 key luxury boutique hotel, located in Miami Beach, Florida. David Sessa, senior associate, and Justin Decter, associate broker of GCP, arranged the financing.
• A $1.1. million loan for a one-story, free standing commercial building of 2,500 s/f, occupied by 7-11, located in Stonybrook, Suffolk County. Matthew Classi, managing member of GCP, arranged the financing.
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