New York Real Estate Journal

GCP Capital Group arranges five transactions totaling $9.61 million

January 25, 2010 - Finance
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 $9.61 million for the following properties: $2.5 million for a retail shopping center comprised of 30,000 s/f containing 16 stores, located in Suffolk County, N.Y. David Sessa, senior associate of GCP Capital Group, arranged the financing for this transaction. $1.75 million for a strip center comprised of 14,500 s/f containing TD Bank and three other stores, located in Suffolk County, N.Y. Sessa arranged the financing for this transaction. $2.41 million for a four-story walk-up apartment building with 38 units, located on Ave. K in Brooklyn. Paul Greenbaum, managing member of GCP Capital Group, arranged the financing for this transaction. $1.85 million for two 5.5 story walk-up apartment buildings containing 41 units, located on East 81st St. in Manhattan. Adam Brostovski, principal of GCP Capital Group, arranged the financing for this transaction. $1.1 million for two three-story walk-up apartment buildings containing a total of 30 units, located on 53rd Ave. in Queens. Brostovski arranged the financing for this transaction.