New York Real Estate Journal

GCP Capital Group arranges $56.5 million in mortgages for 10 properties

June 24, 2013 - Brokerage
GCP Capital Group LLC has arranged mortgage financing totaling $56.5 million for the following 10 properties: * $15 million for three contiguous six-story apartment buildings containing a total of 330 units and two stores, located in the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing. * $12.6 million for a five-story elevator apartment building containing 90 apartments, located on Taaffe Place in Brooklyn. Adam Brostovski, principal of GCP, arranged the financing. * $4.9 million for three adjacent five-story apartment buildings containing a total of 61 apartments and one store, located on West 172nd St. in Manhattan. Brostovski arranged the financing. * $4.8 million for a five-story walk-up apartment building containing 61 units and 6,300 s/f of retail space, located on Broadway in Manhattan. Louis Perlmutter, senior associate of GCP, arranged the financing. * $4.6 million for a five-story walk-up apartment building containing 15 units and 2,200 s/f of retail space, located on Spring St. in Manhattan. Matthew Classi, managing member of GCP, arranged the financing. * $4.5 million for a five-story mixed-use building comprised of 7,300 s/f located on Grand St. in Manhattan. Matthew Albano, senior broker of GCP arranged the financing. * $3.6 million for a single-story retail strip comprised of 25,600 s/f, located in Great Neck, Nassau County. Classi arranged the financing. * $3 million for a four-story mixed-use building containing six apartments and 1,300 s/f of retail space, located on West 46th St. in Manhattan. David Sessa, senior associate of GCP arranged the financing. * $2.5 million for a six-story apartment building containing 20 units and two stores, located on First Ave. in Manhattan. George Spanos, senior associate of GCP arranged the financing. * $1 million for a three-story walk-up apartment building containing six apartments, located on Metropolitan Ave. in Brooklyn. Albano arranged the financing.