New York Real Estate Journal

GCP Capital arranges 17 mortgages totaling $104.48 million; Includes $23 million for three walk-ups by Brostovski

May 21, 2012 - Finance
GCP Capital Group LLC has arranged mortgage financing totaling $104.48 million for the following 17 properties: * $23 million for three walk-up apartment buildings containing a total of 90 apartments and 33,100 s/f of retail space, located on St. Nicholas Ave. Adam Brostovski, principal of GCP, arranged the financing. * $19.87 million for a package of nine apartment buildings containing a total of 302 apartments. Brostovski arranged the financing. * $17 million for a one and part two-story White Plains shopping mall comprised of 180,000 s/f. Paul Greenbaum, managing member of GCP, arranged the financing. * $8.5 million for two six-story elevator apartment buildings containing a total of 138 units, located on 167th St. in Flushing. Greenbaum arranged the financing. * An $8.46 million permanent loan for the Tam O'Shanter Country Club and Golf Course in Brookville. Matthew Classi, managing member of GCP, arranged the financing. * $5.05 million for a package of four apartment buildings containing a total of 81 apartments on Manhattan Ave. and East 15th St. in Brooklyn. Michael Charnowitz, senior associate of GCP, arranged the financing. * $4 million for a six-story apartment building containing 20 units and 2,200 s/f of ground floor commercial space, located on Orchard St. Classi arranged the financing. * $2.7 million for a six-story elevator apartment building containing 30 apartments, located on St. Nicholas Pl. Greenbaum arranged the financing. * $2.6 million for a five-story walk-up apartment building containing 46 apartments and 1,800 s/f of commercial space, located on East 178th St. in the Bronx. Brostovski arranged the financing. * $2.2 million for a four-story mixed-use building containing two apartments and 3,100 s/f of commercial space at Garfield Place, Brooklyn. Greenbaum arranged the financing. * $2.1 million for a two-story retail property containing eight tenants on Crossbay Blvd., Howard Beach. Deborah Classi-Lewis arranged the financing. * $1.875 million for a four-story apartment building containing seven apartments on 47th Rd. in Long Island City. Matthew Albano, senior broker of GCP, arranged the financing. * $1.825 million for a two-story commercial building comprised of 4,500 s/f, located on East 25th St. Greenbaum arranged the financing. * $1.75 million for a four-story walk-up mixed-use building on First Ave. Stephen Katz, senior associate of GCP, arranged the financing. * $1.5 million additional financing for a five-story walk-up apartment building on Columbus Ave. David Sessa, senior associate of GCP, arranged the financing. * $1.05 million for a three-story walk-up apartment building containing six apartments, located on Kingsland Ave. in Brooklyn. Albano arranged the financing. * $1 million for a Pathmark Supermarket comprised of 69,120 s/f, located on Farrington St. in Queens. Sessa arranged the financing.