GCP Capital Group arranges 10 mortgages totaling $69.25 million; Includes $15 million for a 17-story office building by Classi

June 20, 2017 - Financial Digest
Matthew Albano, GCP

 

Adam Brostovski, GCP

 

Michael Charnowitz, GCP

 

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $69.25 for the following 10 deals:

• A second mortgage in the amount of $15 million for a 17-story office building comprised of 107,000 s/f on Broadway in the Flatiron District, Manhattan. Matthew Classi, managing member of GCP, arranged the financing.   

• $12.5 million for three single-story commercial buildings comprised of 32,380 total s/f on Linden Blvd. and Van Siclen Ave., Brooklyn. Paul Greenbaum, managing member of GCP, arranged the financing. 

• $8 million for three five-story multifamily apartment buildings containing a total of 68 units in the East Village of Manhattan. Greenbaum arranged the financing. 

• $6.9 million for two five-story multifamily apartment buildings containing a total of 61 apartments and 5,050 s/f of commercial space on Taylor Ave. in the Bronx.  Adam Brostovski, principal of GCP, arranged the financing.

• $6.5 million for a six-story multifamily apartment building containing 72 units and four retail tenants on West 172nd St. in Manhattan.  Greenbaum arranged the financing. 

Matthew Classi, GCP

 

Paul Greenbaum, GCP

 

Alan Perlmutter, GCP

 

• $5.55 million for a five-story mixed-use building containing 18 apartments and 720 s/f of commercial space in the SoHo neighborhood of Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing. 

• $5.55 million for a portfolio of seven multifamily apartment buildings containing a total of 73 units and 2,400 s/f of commercial space in the Bedford-Stuyvesant neighborhood of Brooklyn. Michael Charnowitz, senior associate of GCP, arranged the financing. 

• A permanent/acquisition loan in the amount of $5.5 million for two ground floor condo units totaling 4,970 s/f on Greenwich St., Manhattan. Classi, arranged the financing. 

• $2.5 million for a five-story multifamily apartment building containing 27 units on Clifford Pl. in the Bronx. Brostovski arranged the financing.

• $1.25 million for a four-story mixed-use building containing three  apartments and one ground floor retail unit, located on 50th Ave. in Long Island City. Matthew Albano, managing director of GCP, arranged the financing.