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GCP Capital Group LLC.

GCP Capital Group LLC has arranged mortgage financing in the aggregate amount of $11.25 million for the following properties: $500,000 for a four-story building with ground floor retail space and three residential lofts; $675,000 for a five-story walk up apartment building containing 30 units with 105 rooms; $1.74 million for a six-story, elevator apartment building containing 73 units and 272 rooms, two stores and one office; $1.81 million for a six-story elevator apartment building containing 32 units with 199 rooms and six stores; $2.2 million for a six-story elevator apartment building containing 37 units with 169 rooms and seven stores: $1.9 million for a six-story elevator apartment building containing 56 units with 232 rooms and seven stores: and $2.425 million for a six-story elevator apartment building containing 57 units with 207 rooms and eight stores. The majority of the buildings were located in the Washington Heights section of Manhattan.

Paul Greenbaum, managing member of GCP Capital Group LLC, arranged the financing for these transactions.

In addition, Mathew Classi and Alan Perlmutter, managing members of GCP Capital Group LLC, arranged financing in the amount of $8.88 million for the following multifamily properties: $2.73 million for a six-story elevator apartment building containing 78 apartments with 242 rooms and five stores, located in Sunnyside Queens; $2.05 million for a six-story elevator apartment building containing 78 apartments with 218.5 rooms, located in Sunnyside, Queens; $2 million for a six-story elevator apartment building containing 70 apartments with 179 rooms, located in Woodside, Queens; and $2.1 million for a six-story elevator apartment building containing 72 apartment with 246 rooms, located on Britton Avenue in Elmhurst, Queens.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 19, 2000
Words:283
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