News: Brokerage

GCP Capital Group handles nine deals totaling $157 million; includes $42 million by Katz and Sessa of GCP

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $157 million for the following properties: $29.05 million for a package of seven multifamily properties containing a total of 601 apartments and 13,380 s/f of commercial space, located throughout Brooklyn, the Bronx and Queens. Paul Greenbaum, managing member of GCP arranged the financing. $7 million for a newly developed elevator apartment building containing 25 units, located on Eagle St. in Brooklyn. Matthew Albano, senior broker of GCP arranged the financing. $9.8 million for two five-story elevator apartment buildings containing a total of 90 units, located on Davidson Ave. in the Bronx. Greenbaum arranged the financing. $55.6 million for a package of 17 multifamily properties containing a total of 927 apartments and 5,600 s/f of commercial space, located throughout Brooklyn, Staten Island and Queens. The rate was fixed for 10 years at 3.75% with a sliding scale prepayment penalty. Greenbaum arranged the financing. $2.15 million for a four-story walk-up apartment building containing 18 units and one commercial unit, located on Stuyvesant Ave. in Brooklyn. Greenbaum arranged the financing. $42 million for a 16-property portfolio containing 106 apartments with eight stores and two townhouses, located in the Gramercy Park and West Village areas of Manhattan. Stephen Katz and David Sessa, senior associates of GCP arranged the financing. $8.5 million for a ten-story mixed-use building comprised of 22,300 s/f, located on Fifth Ave. in Manhattan. Matthew Classi, managing member of GCP arranged the financing. $3.5 million for a six-story elevator cooperative apartment building containing 128 apartments, located on Avenue I in Brooklyn. Greenbaum arranged the financing. $2.4 million for a four-story apartment building containing 24 apartments, located on East 8th St. in Brooklyn. Greenbaum arranged the financing.
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