GCP arranges two mortgages totaling $14.3 million; Includes an $8.5 million loan handled by Perlmutter
December 8, 2015 - Long Island

Matthew Albano, GCP Capital Group

Alan Perlmutter, GCP Capital Group
Great Neck, NY 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 $14.3 million for the following two properties:
• $8.5 million for a one-story commercial retail building comprised of 158,000 gross s/f and containing eight stores, located in Holbrook, Suffolk County. Alan Perlmutter, managing member of GCP, arranged the financing for this property.
• $5.8 million for a portfolio of seven two-story garden-style apartment buildings containing a total of 47 units and one professional unit, located throughout Nassau County. Matthew Albano, senior broker of GCP, arranged the financing for this portfolio.