New York Real Estate Journal

GCP Capital Group arranges 13 mortgages totaling $63.4 million; includes $12 million by Greenbaum for a six-story apartment building

August 16, 2016 - Finance
Matthew Albano, GCP Capital Group
Adam Brostovski, GCP Capital Group
Paul Greenbaum, GCP Capital Group
Michael Charnowitz, GCP Capital Group
Alan Perlmutter, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $63.4 million for the following 13 properties:

• $12 million for a six-story apartment building containing 60 units, located in Upper Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.

• $10.1 million combined financing for two five-story multifamily mixed-use buildings containing a total of 27 apartments and 2,200 s/f of commercial space, located in the East Village and Lenox Hill neighborhoods of Manhattan. Alan Perlmutter, managing member of GCP, arranged the financing.

• $7.55 million for a five-story multifamily apartment building containing 49 apartments, located on Thayer St. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing.

• $5.625 million in combined financing for two five-story multifamily apartment buildings containing a total of 45 apartments, located in the Flatbush and Prospect Park sections of Brooklyn. Michael Charnowitz, senior associate of GCP, arranged the financing.

• $4.1 million for a six-story multifamily apartment building containing 37 apartments, located on Audubon Ave. in Manhattan. Brostovski arranged the financing.

• $4 million for a four-story multifamily apartment building containing 23 units, located on Bruner Ave. in the Bronx.  David Sessa, senior associate of GCP, arranged the financing.

• $4 million for the development of a multi-story commercial building comprised of 115,000 buildable s/f, located on West 145th St. in Manhattan. Greenbaum arranged the financing.

• $4 million acquisition loan for a to-be-built mixed-use rental property, located on Broadway in Brooklyn.  Matthew Albano, senior broker of GCP, arranged the financing.

• $3 million for the construction of 4 four-story condominium buildings containing a total of 28 units, located on 21st St. in Brooklyn. Albano arranged the financing.

• $2.975 million for a five-story apartment building containing 18 units and 1,050 s/f of commercial space, located on East 115th St. in Manhattan. Brostovski arranged the financing.

• $2.25 million for a four-story apartment building containing 16 units, located on 34th Ave. in Jackson Heights. Matthew Classi, managing member of GCP, arranged the financing.

• $2 million for a four-story townhouse comprised of 3,840 s/f, located on East 62nd St. in Manhattan.  Louis Perlmutter, senior broker of GCP, arranged the financing.

• $1.8 million for a five-story multifamily apartment building containing 11 apartments, located on Pinehurst Ave. in Manhattan. Greenbaum arranged the financing.