GCP Capital Group arranges 12 mortgages totaling $78.9 million

April 19, 2016 - Finance

Matthew Albano, GCP Capital Group

Adam Brostovski, GCP Capital Group

Michael Charnowitz, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $78.9 million for the following 12 properties:

• A $36 million construction loan for the development of a 128,000 gross s/f tower consisting of 110 rental units, located in Long Island City. Matthew Albano, senior broker of GCP, arranged the financing.

• $16.838 million for a portfolio of four five-story apartment buildings containing a total of 163 units, located throughout the Bronx. Adam Brostovski, principal of GCP, arranged the financing for this portfolio.

• $14 million for a six-story apartment building containing 29 apartments and four commercial units, located on the Lower East Side of Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.

• $13.25 million for a six-story apartment building containing 90 units, located on Orloff Ave. in the Bronx. Greenbaum arranged the financing.

Paul Greenbaum, GCP Capital Group

Alan Perlmutter, GCP Capital Group

David Sessa, GCP Capital Group

• $11.625 million for a six-story apartment building containing 101 apartments, located on Grand Concourse in the Bronx. Greenbaum arranged the financing.

• $11.05 million for a six-story apartment building containing 63 units and 6,770 s/f of commercial space, located on Reservoir Ave. in the Bronx. Greenbaum arranged the financing.

• $10.375 million combined financing for two multifamily apartment buildings containing a total of 99 units, located in the Fordham Heights and Jerome sections of the Bronx. Michael Charnowitz, senior associate of GCP, arranged the financing.

• $6.9 million for four four-story apartment buildings containing a total of 12 units, located on Wilson Ave. in Brooklyn. Albano arranged the financing.

• $4.9 million for a six-story apartment building containing 31 units, located at West 161^st St. in Manhattan. Brostovski arranged the financing.

• $4.5 million combined financing for a four-story apartment building containing 19 units, located in Astoria and a three-story apartment building containing eight units, located in Long Island City. Albano arranged the financing.

• $3.7 million for a ground floor commercial condominium unit comprised of 3,600 s/f, located in the Greenwich Village section of Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing.

• $3.15 million for a four-story mixed-use building containing six apartments and 1,850 s/f of commercial space, located on Second Ave. in Manhattan. David Sessa, senior associate of GCP, arranged the financing.

• $2.35 million for a five-story apartment building containing 26 units, located on Summit Ave. in the Bronx. Charnowitz arranged the financing.