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GCP Capital Group.

GCP Capital Group has arranged mortgage financing for the following two properties:

A 15-year permanent loan for five years at 8.625%, in the amount of $450,000, was fixed for a three-story plus, 10,000 SF basement retail building located on Fifth Avenue in Brooklyn, N.Y. A 15-year permanent loan for five years at 8.625% in the amount of $1,400,000, was fixed for a 25,200 SF four-story and part five-story loft building located on E. 14th St. in Manhattan. A distributor of children' s clothing occupies both properties.

Paul Greenbaum, managing member, and Adam Brostovski, senior associate of GCP Capital Group, arranged the financing for these transactions.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Oct 11, 2000
Words:113
Previous Article:Emigrant Funding Corporation.
Next Article:Meriden, Conn. Matthew Classi and Paul Greenbaum.
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