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Deals & Dealmakers

GCP finances over 330 units of housing

GCP Capital Group has arranged mortgage financing in the aggregate amount of $30,775,000 for the following properties with a combined 336 homes:

• $12,950,000 combined financing for two 55+ senior citizen apartment complexes containing a total of 18 two-story buildings and 164 units, located in West Sayville and Islip, Suffolk County, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for these transactions.

MATTHEW CLASSI

• $8,325,000 combined financing for a four-story multifamily apartment building containing 12 units, located in Yonkers, New York and two five-story multifamily apartment buildings containing a total of 69 units, located in the Bronx, New York. Jack Fried, Senior Associate of GCP Capital Group, arranged the financing for these transactions.

• $8,000,000 combined financing for three five-story multifamily apartment buildings containing a total of 81 units and 1,400 s/f of commercial space, located in the Fordham and Belmont neighborhoods of the Bronx, New York. Adam Brostovski, Principal of GCP Capital Group, arranged the financing for these transactions.

• $1,500,000 combined second mortgage financing for two development projects resulting in a total of 10 residential apartments and approximately 9,250 s/f of ground floor commercial space, located in the Williamsburgh neighborhood of Brooklyn. Matthew Albano, Managing Director of GCP, arranged the financing for these transactions.

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