GCP Capital Group completes 16 financing deals totaling $60.925 million; Includes the $12.7 million loan for a mixed-use Manhattan property by Classi

October 20, 2011 - Financial Digest

Matthew Classi, GCP Capital Group LLC

Adam Brostovski, GCP Capital Group LLC

Paul Greenbaum, GCP Capital Group LLC

Alan Perlmutter, GCP Capital Group LLC

David Sessa, GCP Capital Group LLC

Judd Volk, GCP Capital Group LLC

GCP Capital Group LLC has arranged mortgage financing in the amount of $60.925 million for the following 16 properties:
* $12.7 million for four retail condo units of 9,100 s/f contained within a 15-story residential condo building, located on Lexington Ave. in the 80s. Matthew Classi, managing member of GCP, arranged the financing.
* $6.5 million for a five-story double elevator apartment building containing 102 units, located in Yonkers. Paul Greenbaum, managing member of GCP, arranged the financing.
* $6.2 million for a package of four apartment buildings containing a total of 85 units, located throughout the Bronx. Adam Brostovski, principal of GCP, arranged the financing.
* A $5.4 million underlying loan for a 15-story elevator cooperative apartment building containing a total of 283 units, located on Colden St. in Flushing. Brostovski arranged the financing.
* $4.8 million for a portfolio of three mixed-use buildings containing a total of 69 units and six commercial units, located throughout the area. Matthew Albano, senior consultant of GCP, arranged the financing.
* $4.125 million for a five-story brick elevator apartment building containing 50 apartments, located in Paterson, N.J. Brostovski arranged the financing.
* $3.65 million for a five-story elevator apartment building containing 48 apartments, located in Paterson, N.J. Brostovski arranged the financing.
* $3 million for a six-story elevator apartment building containing 59 units, located on 120th St. in Queens. Greenbaum arranged the financing.
* $3 million for a five-story elevator cooperative apartment building containing 74 units, located in Mineola. Alan Perlmutter, managing member of GCP, arranged the financing.
* $2.175 million for a four-story walk-up apartment building containing 21 units and two stores, located on Rockaway Ave. in Brooklyn. Greenbaum arranged the financing.
* $2.1 million for a six-story elevator apartment building containing 72 units, located on West 8th St. in Brooklyn. Greenbaum arranged the financing.
* $1.8 million for a 13,450 s/f office building located in Oyster Bay, Nassau County. Judd Volk, senior associate of GCP, arranged the financing.
* $1.7 million for a six-story elevator cooperative apartment building with 96 units, located on 60th Ave. in Queens. Greenbaum arranged the financing.
* $1.4 million for a two-story mixed-use building containing eight units and seven stores, located in Scarsdale. Brostovski arranged the financing.
* $1.375 million for a two-story free standing commercial building comprised of 15,000 s/f, located in White Plains. David Sessa, senior associate of GCP, arranged the financing.
* $1 million for a five-story walk-up apartment building containing 12 units and two stores, located on Waverly Place. Classi arranged the financing.
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