GCP Capital Group arranges eight financing deals totaling $67.6 million

New York, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $67.6 million for the following eight properties:

• $18.5 million for two seven-story apartment buildings containing a total of 242 units, located in Hempstead, Nassau County. Matthew Albano, senior broker of GCP, arranged the financing.

• $12 million for two four-story apartment buildings containing a total of 113 units, located in Freeport, Nassau County. Albano arranged the financing.

• $11.65 million combined financing for two one-story retail shopping centers comprised of 72,650 total s/f, located in the Monmouth and Ocean Counties of N.J. Michael Charnowitz, senior associate of GCP, arranged the financing.

• $10.5 million for a 192-unit garden apartment complex comprised of 188,590 s/f, located in Wilmington, Delaware. Stephen Katz, senior associate of GCP, arranged the financing.

• $5.7 million for a one and two-story medical office building comprised of 35,200 s/f, located in Yonkers. Adam Brostovski, principal of GCP, arranged the financing.

• $5.2 million for a newly constructed mixed-use building containing 32 apartments and two ground floor retail tenants, located in Bayshore, Suffolk County. Matthew Classi, managing member of GCP, arranged the financing.

• $3 million for one and two-story mixed-use buildings containing one apartment, five retail storefronts and one office, located in Southampton, Suffolk County. Katz arranged the financing.

• $1.05 million for a one-story commercial building comprised of 1,500 s/f, located in Smithtown, Suffolk County. Classi arranged the financing.