GCP Capital Group arranges four transactions totaling $34.565 million
February 22, 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 $34.565 million for the following properties:
$22.5 million for the development of a new 12-story mixed-use building containing 68,000 s/f of commercial space, 263,000 s/f of residential space and 121,000 s/f of underground parking space. Adam Hakim and Mark Hakim, senior associates of GCP Capital Group LLC, arranged the financing for this transaction.
$6.55 million for a six-story elevator apartment building containing a total of 47 apartments, located on Joralemon St. Greenbaum arranged the financing for this transaction.
$600,000 for a five-story mixed-use building containing six residential units and one commercial unit, located on Sixth Ave. in Manhattan. Matthew Albano, senior consultant of GCP Capital Group, arranged the financing for this transaction.
$5.25 million for a six-story elevator apartment building containing a total of 31 apartments, located on Joralemon St. Greenbaum arranged the financing for this transaction.