News: Finance

Greenbaum of GCP Capital secures three mortgages totaling $28.925 million

GCP Capital Group LLC has arranged four mortgage financing transactions in the aggregate amount of $29.115 million for the following properties: $14.525 million for a package of 5 multifamily properties containing a total of 125 units and 13 stores, located throughout New York. Paul Greenbaum, managing member of GCP Capital Group arranged the financing. $7.7 million for a six-story elevator apartment building containing 78 units, located in Hartsdale, N.Y. Greenbaum arranged the financing. $5.7 million for a seven-story elevator apartment building containing 65 units, located on Fulton St. Greenbaum arranged the financing. $1.19 million for a two-story commercial building comprised of 16,000 s/f, located on Stratford Ave. Adam Brostovski, principal of GCP Capital Group, 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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