News: Finance

GCP Capital Group arranges 12 mortgages totaling $132.687 million

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $132.687 million for the following 12 properties:

• $29.55 million combined financing for a portfolio of three multifamily apartment buildings containing a total of 237 units and 9,700 s/f of commercial space, located in the Kingsbridge section of the Bronx. Adam Brostovski, principal of GCP, arranged the financing for this portfolio. 

• $22.6 million combined financing for two six-story multifamily apartment buildings containing a total of 156 units and 3,700 s/f of commercial space, located in Sunnyside, Queens. Alan Perlmutter, managing member of GCP, arranged the financing.

• $19.25 million combined financing for a portfolio of five five-story multifamily apartment buildings containing a total of 142 units, located on Davidson Ave. in the Bronx. Paul Greenbaum, managing member of GCP, arranged the financing.

• $10.2 million combined financing for two six-story buildings containing a total of 35 apartments and two commercial units, located on the Lower East Side of Manhattan. Matthew Classi, managing member of GCP, arranged the financing.

• $9.112 million for a six-story multifamily apartment building containing 72 units, located on Selwyn Ave. in the Bronx. Brostovski arranged the financing.

• $8.025 million combined financing for two five-story multifamily apartment buildings containing a total of 63 units and four commercial units, located in the Concourse and West Farms neighborhoods of the Bronx. Michael Charnowitz, senior associate of GCP, arranged the financing.

• $6.95 million for two six-story mixed-use apartment buildings containing a total of 19 apartments and 4,200 s/f of commercial space, located on Market St. in Manhattan. Classi arranged the financing.

• $6.5 million for a two-story light industrial building comprised of 45,800 s/f, located in the Greenpoint area of Brooklyn. Greenbaum arranged the financing.

• $6 million for a two-story retail/office building comprised of 9,800 s/f, located on Queens Blvd. in Forest Hills. Perlmutter arranged the financing.

• $6 million for a five-story mixed-use development project resulting in 2,000 s/f of ground floor commercial and four floors through residential apartments on the upper floors, located in the TriBeCa neighborhood of Manhattan. Matthew Albano, senior broker of GCP, arranged the financing.

• $4.6 million for two contiguous five-story mixed-use buildings containing a total of 46 apartments and five commercial units, located in the Hunts Point neighborhood of the Bronx. Greenbaum arranged the financing.

• $3.9 million for two contiguous four-story multifamily buildings containing 26 residential apartments, located on Maples Ave. in the Bronx. Stephen Katz, senior associate of GCP arranged the financing .

Tags: Finance
MORE FROM Finance

Stream Realty Partners closes recapitalization of portfolio of seven industrial properties

Dallas, TX Stream Realty Partners has closed on the recapitalization of a portfolio of seven Class A industrial assets in Texas. The industrial properties were contributed to a continuation vehicle formed in partnership with a New York-based global
READ ON THE GO
DIGITAL EDITIONS
Subscribe