GCP Capital arranges five mortgages totaling $99.2 milion

April 12, 2016 - Finance

Adam Brostovski, GCP Capital Group

Matthew Classi, GCP Capital Group

Paul Greenbaum, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $99.2 million for the following five deals:

• $50 million for 371 unsold cooperative units located within two 21-story hi-rise elevator apartment buildings, located in Jersey City, N.J. Adam Brostovski, principal of GCP, arranged the financing.

• $21.9 million for a portfolio of 12 garden-style multifamily apartment buildings containing a total of 209 units, located throughout Suffolk County, Long Island. Matthew Classi, managing member of GCP, arranged the financing for this portfolio.

• $18.7 million for a 14-building garden-style apartment complex containing 144 apartments, located in West Babylon, Suffolk County. Classi arranged the financing.

• $7 million for an 81-unit luxury apartment building, located in Orange, N.J. Paul Greenbaum, managing member of GCP, arranged the financing.

• $1.6 million for a one-story, solely occupied retail building comprised of 3,000 s/f, located in Butler, N.J. Paul Greenbaum, managing member of GCP, arranged the financing.º