News: Finance

GCP Capital Group completes seven financing deals totaling $35.515 million

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $35.515 million for the following properties: $5 million for two adjacent six-story elevator apartment buildings containing a total of 106 units, located on 37th Ave. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing. $2.9 million for three four-story walk-up apartment buildings containing a total of 59 units, located on East 228th St. in the Bronx. Adam Brostovski, principal of GCP Capital Group, arranged the financing. $2 million for a three story, apartment building containing 32 units, located in Elizabeth, N,J. Stephen Katz, senior associate of GCP Capital Group, arranged the financing. $1.24 million for a fully renovated three-story walk-up apartment building with six units, located on Starr St. in Brooklyn. Matthew Albano, senior consultant of GCP Capital Group, arranged the financing. $13.25 million for a five-story elevator and attached one-story commercial building comprised of 187,000 s/f, located on Northern Blvd. in Long Island City. Brostovski arranged the financing. $7.275 million for 2 two-story garden apartment buildings containing a total of 140 units, located in Elizabeth, N.J. Brostovski arranged the financing. $3.85 million for four apartment buildings containing a total of 62 units, located in Jersey City, N.J. Greenbaum arranged the financing.
Tags: Finance
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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.
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