GCP Capital Group arranges 12 mortgages totaling $121.524 million

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $121.524 million for the following 12 properties:

• $37 million for a 14-story apartment building containing 69 units and 5,500 s/f of commercial space, located in the West Village neighborhood of Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.

• $35 million for four six-story mixed-use buildings containing a total of 104 apartments and eight retail stores, located in the East Village section of Manhattan. Matthew Classi, managing member of GCP, arranged the financing.

• $17.5 million for a six-story apartment building containing 43 apartments and  5,600 s/f of commercial space, located on Newtown Ave. in Queens. Adam Brostovski, principal of GCP, arranged the financing.

• $9.6 million combined financing for two six-story apartment buildings containing a total of 159 units and two offices, located in Queens. Greenbaum arranged the financing. 

• $4.65 million for a five-story apartment building containing 27 units, located on Phelan Place in the Bronx. Greenbaum arranged the financing.

• A second mortgage in the amount of $4 million for a six-story apartment building containing 33 units and 12,500 s/f of commercial space, located on the Upper East Side of Manhattan. Greenbaum arranged the financing.

• $3.77 million for a six-story apartment building containing six units and one ground floor retail tenant, located on the Lower East Side of Manhattan.  Classi arranged the financing.

• $3.25 million for a single-story commercial building comprised of 5,800 rentable s/f, located on Metropolitan Ave. in Queens. Greenbaum arranged the financing.

• $2.55 million for a three-story apartment building containing 6 units, located on Starr St. in Brooklyn.  Matthew Albano, senior broker of GCP, arranged the financing. 

• $1.47 million for a five-story apartment building containing 16 units, located on East 187^th St. in the Bronx. Brostovski arranged the financing.

• $1.45 million for three mixed-use buildings containing a total of six apartments and seven stores, located on St. Raymonds Ave. in the Bronx.  Brostovski arranged the financing.

• $1.284 million for the ground-up construction development of a four-story apartment building with eight units, located on Monroe Ave. in the Bronx. Jack Fried, senior associate of GCP, arranged the financing.