Newswire

GCP Arranges $62.2M in Financing

GCP Capital Group LLC, one of the nation’s most active companies specializing in commercial real estate finance, has arranged mortgage financing in the aggregate amount of $62,200,000 for the following properties:

$24,550,000 combined financing for a portfolio of 11 multifamily apartment buildings containing a total of 213 units with 2,800 square feet of commercial space, located throughout Manhattan. Paul Greenbaum, managing member, arranged the financing.

$22,100,000 for two seven-story multifamily apartment buildings containing a total of 252 units, located on Gerard Avenue in the Bronx, New York. Adam Brostovski, principal, arranged the financing.

$10,550,000 construction financing for the development of a six-story residential building which will contain 10 state-of-the-art apartments, located in the Cobble Hill section of Brooklyn, New York. Matthew Albano, managing director, arranged the financing.

$5,000,000 for a four-building industrial/manufacturing complex comprised of approximately 81,400 square feet, located in Freeport, New York. Matthew Classi, managing member, arranged the financing.

 

 

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