GCP Capital Group closes three loans totaling $64.6 million

Matthew Classi, GCP

Alan Perlmutter, GCP Capital Group

David Sessa, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $64.6 million for the following three deals: • $8.5 million for a one-story commercial retail building comprised of 158,000 gross s/f and containing eight stores, located in Holbrook. Alan Perlmutter, managing member of GCP, arranged the financing for this property. • A $55 million construction loan for a to-be-built 296 key luxury boutique hotel, located in Miami Beach, Florida. David Sessa, senior associate, and Justin Decter, associate broker of GCP, arranged the financing. • A $1.1. million loan for a one-story, free standing commercial building of 2,500 s/f, occupied by 7-11, located in Stonybrook, Suffolk County. Matthew Classi, managing member of GCP, arranged the financing.

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