Classi and Perlmutter of GCP Capital Group arrange $7 million for 76,570 s/f shopping center

GCP Capital Group LLC, (www.gcpcap.com) one of the nation's most active companies specializing in investment real estate finance, has arranged mortgage financing in the aggregate amount of $16.55 million for the following properties: A $3.5 million construction loan for a to-be-developed garden style apartment complex containing 4 buildings with a total of 24 apartments, located in Suffolk County. Matthew Classi, managing member of GCP arranged the financing. $4.05 million for two residential apartment buildings containing a total of 66 units, located in Freeport, Nassau County. Matthew Albano, senior broker of GCP arranged the financing. $7 million for a Stop & Shop anchored, 76,570 s/f neighborhood shopping center in Merrick, Nassau County. Additional tenants included CVS and Outback Steakhouse. Classi and Alan Perlmutter, managing members of GCP arranged the financing. $2 million for a one-story free standing retail shopping center comprised of 11,000 s/f, located in Centereach, Suffolk County. Perlmutter and George Spanos, senior associate of GCP arranged the financing.