News: Finance

GCP Capital Group completes eight financing deals totaling $102.575 million; includes $53.9 million by Classi

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 $102.575 million for the following properties: $53.9 million for a portfolio of seven apartment buildings containing a total of 127 units, 14 stores and one office, located in East Village, New York City. Matthew Classi, managing member of GCP Capital Group, arranged the financing. $16.8 million for a portfolio of ten apartment buildings containing a total of 231 units and 25 stores, located in Manhattan and the Bronx. Adam Brostovski, principal of GCP Capital Group arranged the financing. $11.5 million for a seven-story residential building containing 40 apartments, located on Metropolitan Ave. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing. $6.8 million for a six-story walk-up apartment building containing 31 apartments and two stores, located on Mulberry St. in Manhattan. Brostovski arranged the financing. $3.675 million for a six-story elevator apartment building containing 35 apartments, located in Flushing, Queens. Classi arranged the financing. $5.1 million for two seven-story elevator apartment buildings containing a total of 36 apartments and 10 stores, located on Amsterdam Ave. in Manhattan. Brostovski arranged the financing. $3.2 million for three four-story walk-up mixed use apartment buildings containing a total of 20 units with eight stores, located on Lexington Ave. in Manhattan. Michael Charnowitz, senior associate of GCP Capital Group, arranged the financing. $1.6 million for a five-story walk-up apartment building containing 26 apartments with two stores, located on Villa Ave. in the Bronx. Brostovski arranged the financing.
Tags: Finance
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