New York Real Estate Journal

GCP Capital arranges 18 deals totaling $103.403 million; includes $25 million loan by Brostovski

August 22, 2011 - Finance
GCP Capital Group LLC, one of the nation's most active companies specializing in investment real estate finance, has arranged mortgage financing in the aggregate amount of $103.403 million for the following properties: $25 million for a 14-story elevator apartment building containing 120 units and 4 commercial units, located on St. Marks Ave. in Brooklyn. Adam Brostovski, principal of GCP arranged the financing. $5.5 million for a three-story, 11,900 s/f commercial building occupied by two tenants, located on Broadway in Manhattan. Brostovski arranged the financing. $3.5 million for a six-story elevator apartment building containing 72 units, located on Ocean Ave. in Brooklyn. Paul Greenbaum, managing member of GCP arranged the financing. $2.5 million for a six-story elevator apartment building containing 60 units, located on Neilson St. in Queens. Greenbaum arranged the financing. $1.85 million or a four-story apartment building containing 18 units, located on 85th St. in Queens. Matthew Classi, managing member of GCP arranged the financing. $13.2 million for two six-story elevator apartment buildings containing a total of 127 units, located on East 140th St. in the Bronx. Greenbaum arranged the financing. $12 million mortgage on an $18 million defaulted note that closed in less than 30 days for three multifamily buildings containing a total of 237 units and 3 stores, located in the Bronx. Brostovski arranged the financing. $6.013 million for a seven story apartment building containing 98 units, located in the Bronx. Alan Perlmutter, managing member of GCP arranged the financing. $5.77 million for a nine story elevator apartment building containing 90 units, located in the Bronx. Perlmutter arranged the financing. $5.425 million for a 100% occupied, 30,000 s/f retail shopping plaza consisting of two single story buildings, located in Poughkeepsie. Classi arranged the financing. $3.675 million for a retail strip center comprised of 14,000 s/f, located on Sutphin Blvd. in Queens. Greenbaum arranged the financing. $2.1 million for a four-story walk-up apartment building containing 31 units, located on Argyle Rd. in Brooklyn. Greenbaum arranged the financing. $5.02 million for a six-story elevator apartment building containing 60 units, located on Bay Pwy. in Brooklyn. Adam Hakim, senior associate of GCP arranged the financing. $3.5 million for a six-story elevator apartment building containing 72 units, located on Ocean Ave. in Brooklyn. Greenbaum arranged the financing. $3.2 million for a newly constructed one-story retail building comprised of 11,900 s/f, located in Queens. Greenbaum arranged the financing. $2.3 million for a six-story elevator apartment building containing 37 units, located on Audubon Ave. in Manhattan. Brostovski arranged the financing. $1.7 million for a six-story elevator apartment building containing 42 units, located on Westminster Rd. in Brooklyn. Greenbaum arranged the financing. $1.15 million for a three-story walk-up residential building containing six units, located on Irving Ave. in Brooklyn. Matthew Albano, senior consultant of GCP arranged the financing.