GCP Capital Group arranges $80.9 million for seven deals

August 15, 2016 - Finance

Matthew Albano, GCP Capital Group

Paul Greenbaum, GCP Capital Group

Adam Brostovski, GCP Capital Group

Matthew Classi, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $80.9 million for the following seven deals:

• $51 million combined financing for a portfolio of five individual garden complex/multifamily rental properties containing a total of 363 apartments, located throughout Suffolk County. Matthew Albano, senior broker of GCP, arranged the financing for this portfolio.

• $9.5 million in combined financing for a portfolio of six multifamily apartment buildings containing a total of 138 apartments and one commercial space, located throughout Jersey City, N.K. Paul Greenbaum, managing member of GCP, arranged the financing.

• $5.9 million for the 119 unsold units located within a six-story cooperative apartment building containing 207 total units, located in Yonkers. Adam Brostovski, principal of GCP, arranged the financing.

• $5.5 million for a three-story office building comprised of 200,000 gross s/f, located in White Plains. Greenbaum arranged the financing.

• $3.4 million for two three-story garden apartment buildings containing a total of 28 units, located in Long Beach, Nassau County. Matthew Classi, managing member of GCP, arranged the financing.

• $3.3 million combined financing for 2 two-story apartment buildings containing a total of 26 units, located in Bayshore, Suffolk County. Classi arranged the financing.

• $2.3 million for a neighborhood strip shopping center comprised of 17,200 s/f, located in Patchogue, Suffolk County. George Spanos, senior associate of GCP, arranged the financing.