GCP Capital Group secures a total of $90.265 million in financing

June 16, 2008 - Financial Digest

Adam Brostovski

Matthew Classi

Paul Greenbaum

GCP Capital Group LLC has arranged mortgage financing in the amount of $90.265 million for the following properties:
* $13 million for the acquisition/construction of a 19,400 s/f rental building for inclusionary housing. Adam and Mark Hakim, senior associates of GCP, arranged the financing.
* $9.4 million for the acquisition/renovation of a four-story townhouse to be converted into a 5.5-story one-family. Judd Volk, senior associate of GCP, arranged the financing.
* $9.35 million for the acquisition and renovation of two four-story townhouses on West 13th St. Matthew Albano, senior associate of GCP, arranged the financing.
* $9.1 million first mortgage loan for a shopping center in Staten Island. The Hakims arranged the financing.
* $8.75 million for two walk-up apartment buildings containing a total of 60 units on Thompson St. Matthew Classi, managing member of GCP arranged the financing.
* $8.12 million for the acquisition of an eight-building portfolio of four-story apartment buildings on Haviland Ave. in the Bronx. Paul Greenbaum, managing member of GCP arranged the financing.
* $6 million for two adjacent medical office buildings totaling 33,395 s/f in Yonkers. Adam Brostovski, principal of GCP arranged the financing.
* $5.745 million for a six-story elevator apartment building containing a total of 48 units on Adam Clayton Powell Blvd. Brostovski arranged the financing.
* $5.25 million for a two-story commercial/office building containing 19,400 rentable s/f in Fleetwood. Classi arranged the financing.
* $5.05 million for two five-story elevator apartment buildings containing a total of 64 units on Merle Pl. in Staten Island. Greenbaum arranged the financing.
* $4.3 million for the acquisition of a warehouse facility and vacant land in the Bronx. Volk arranged the financing.
* $3.2 million for a five-story walk-up apartment building containing 43 units on East 202nd St. in the Bronx. Classi arranged the financing.
* $3 million for the acquisition of nine non cash flowing units in a 16-story, elevator co-op building on West End Ave. Brostovski arranged the financing.
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