GCP Capital Group arranges 14 mortgages totaling $121.1 million

New York, NY GCP Capital Group LLC, one of the nation’s most active companies specializing in commercial real estate finance, has arranged mortgage financing in the amount of $121.1 million for the following 14  properties:

• $18 million for a six-story, mixed-use building containing 75 apartments and 16 commercial units, located on Grand Concourse in the Bronx. Jack Fried, senior associate of GCP, arranged the financing.

• $16.5 million combined financing for two single-story commercial buildings containing a total of 29,900 s/f, located in the Williamsburg and Brighton Beach sections of Brooklyn.  Paul Greenbaum, managing member of GCP, arranged the financing.

• $15 million in combined financing for a package of nine five-story multifamily apartment buildings containing a total of 240 units, located throughout the Bronx. Adam Brostovski, principal of GCP, arranged the financing.

• $14.1 million for a six-story multifamily apartment building containing 47 units, located on St. Nicholas Ave. in Manhattan. Brostovski arranged the financing.   

• $12 million for a four-story residential building comprised of 61,000 s/f, located on East 161^st St. in the Bronx. Greenbaum arranged the financing.

• $9.5 million for a portfolio of three contiguous five-story mixed-use buildings containing a total of 31 apartments and 5,900 s/f of commercial space, located on West 14^th St. in Manhattan. Brostovski arranged the financing.

• $8.5 million for a newly developed two-story commercial building comprised of  27,400 s/f, located on St. Marks Ave. in Brooklyn. Greenbaum arranged the financing.

• $7.5 million for a nine-story multifamily apartment building containing 44 units, located in the Pelham Bay section of the Bronx. David Sessa, senior associate of GCP, arranged the financing.   

• $5.6 million for a five-story multifamily apartment building containing 53 units, located on Grand Concourse in the Bronx. Brostovski arranged the financing.   

• $5.2 million combined financing for two four-story mixed-use buildings containing a total of four apartments and 1,650 s/f of commercial space, located on Bergen St. in Brooklyn. Fried and Matthew Classi, managing member of GCP, arranged the financing for these transactions.

• $4 million for a six-story multifamily apartment building containing 54 units, located on 90^th Ave. in Queens. Alan Perlmutter, managing member, and George Spanos, senior associate of GCP, arranged the financing.

• A $2.5 million construction loan for the ground up development of two three-family homes and two two-family homes, located in the Bushwick neighborhood of Brooklyn. Matthew Albano, senior broker of GCP, arranged the financing.   

• $1.5 million for two adjacent four-story apartment buildings containing a total of 16 units, located on East 155^th St. in the Bronx. Brostovski arranged the financing.

• $1.2 million for a three-story mixed-use building containing one commercial unit and five residential units, located on Myrtle Ave. in Brooklyn. Spanos arranged the financing.