New York Real Estate Journal

GCP Capital Group arranges 11 transactions totaling $54.242 million; includes $12.3 million in financing by Greenbaum of GCP

September 4, 2009 - Finance
GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of 54.242 million for the following properties: $12.3 million for four apartment buildings containing a total of 127 units, located on East 140th St. Paul Greenbaum, managing member of GCP arranged the financing. $1.492 million for a five-story walk-up apartment building containing 32 units, located on Creston Ave. Adam Brostovski, principal of GCP arranged the financing. $5.1 million for the conversion of a two-story retail building into a six-story elevator building with commercial on the 1st and 2nd floors and apartments on floors 3-6, located on Ninth Ave. in Manhattan. David Sessa, senior associate of GCP arranged the financing. $11.6 million for the ground up development of a 48 unit residential building of 38,700 gross s/f, located in Downtown Brooklyn. Matthew Albano, senior consultant of GCP arranged the financing. $3.35 million for a six-story elevator apartment building with 59 units, located on Wallace Ave. Brostovski arranged the financing. $1.75 million for a one-story shopping center comprised of 13,200 s/f, located in Philadelphia, Penn. Michael Charnowitz, senior associate of GCP arranged the financing. $2.65 million for a six-story elevator apartment building containing 59 units, located on Ocean Pwy. in Brooklyn. Greenbaum arranged the financing. $1.25 million for a four-story apartment building containing 20 units, located on 38th St. in Queens. George Spanos, associate of GCP arranged the financing. $8 million for a 10-story commercial building of 150,000 s/f, located on West 19th St. in Manhattan. Louis Perlmutter, senior associate of GCP arranged the financing. $3.5 million for a six-story apartment building with 53 units, located on West 12th St. in Manhattan. Albano arranged the financing. $3.25 million for three contiguous six-story elevator apartment buildings with 54 units and 4 commercial units, located on Sixth Ave. in Manhattan. Albano arranged the financing.