New York Real Estate Journal

GCP Capital Group arranges 12 mortgages totaling $66.825 million

January 24, 2017 - Finance
Matthew Albano, GCP Capital Group
Adam Brostovski, GCP Capital Group
Michael Charnowitz, GCP Capital Group
Matthew Classi, GCP Capital Group
Paul Greenbaum, GCP Capital Group
David Sessa, GCP Capital Group

New York, NY GCP Capital Group LLC has arranged mortgage financing totaling $66.825 million for the following 10 deals:

• $9.3 million for a six-story mixed-use building containing 54 apartments and 3,100 s/f of commercial space, located on West 129th St. in Manhattan. Michael Charnowitz, senior associate of GCP, arranged the financing. 

• $8.5 million for the redevelopment of an existing one-story and four story contiguous buildings into an eight-story condominium building containing 13 condo apartments with ground floor retail condominiums, located in Williamsburg, Brooklyn.  Matthew Albano, senior broker of GCP, arranged the financing. 

• $8.5 million for two contiguous mixed-use buildings containing a total of four apartments and six commercial units, located on West 26th St. in Manhattan. Adam Brostovski, principal of GCP, arranged the financing.

• $8.3 million combined financing for a portfolio of three multifamily apartment buildings containing a total of 30 units, located in the Chelsea and Midtown-East neighborhoods of Manhattan. Brostovski arranged the financing.   

• $7 million for a portfolio of 80 cooperative apartment units located within four contiguous apartment buildings, located in Astoria, Queens.  Matthew Classi, managing member of GCP, arranged the financing.

• $5.4 million for three adjacent three-story town houses containing a total of three units and one commercial unit, located in the Clinton Hill section of Brooklyn.  Jack Fried, senior associate of GCP, arranged the financing.   

• $5.4 million for a six-story mixed-use building containing five apartments and one commercial unit, located on East 28th St. in Manhattan.  Charnowitz arranged the financing.   

• $3.9 million for a four-story, four family townhouse comprised of 4,800 s/f, located on the Upper East Side of Manhattan. Paul Greenbaum, managing member of GCP, arranged the financing.   

• $3.5 million for seven residential condominium units located within a nine-story condominium building, located on East 24th St. in Manhattan.  David Sessa, senior associate of GCP, arranged the financing.   

• $3 million for a four-story multifamily apartment building containing 25 units, located on East 31st St. in Brooklyn. Greenbaum arranged the financing.   

• $2.025 million for two three-story mixed-use buildings containing a total of eight apartments and one retail unit, located in the Bushwick section of Brooklyn.  George Spanos, senior associate of GCP, arranged the financing.

• $2 million for two contiguous three-story apartment buildings containing a total of 17 units, located on East 135th St. in the Bronx.  Greenbaum arranged the financing.