April 13, 2001

Celtic Financial Group/GCP Capital Group Closes $40 Million Loan

Celtic Financial Group LLC ("CFG") and GCP Capital Group LLC ("GCP"), Great Neck, NY commercial mortgage firms, are pleased to announce that they have successfully completed the $40 million financing of a building located in Bedminster, NJ which is 100% occupied by the Pharmacia Corporation.  This loan was a 17 year loan, with a 25 year amortization schedule, even though the Pharmacia lease had only 15 years remaining on it.

CFG recently joined forces with GCP Capital Group, and is now poised to assist borrowers with an even wider array of mortgage products.  GCP Capital Group is one of the leading companies specializing in commercial real estate financing in the country.  In 1999 the firm closed mortgage transactions totaling $1.2 billion, covering multifamily, office, retail and industrial properties.  GCP has a strong focus in the New York City metro area, and has the ability to arrange financing for most types of commercial real estate properties.

For additional information contact:
Judd A. Volk, President
Celtic Financial Group LLC
60 Cutter Mill Road, Suite 402
Great Neck, NY 11021
(516) 466-0550 · (877) CFG-0550
Fax: (516) 487-5944
Email: cfg@celticfinancial.com
www.celticfinancial.com

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Judd A. Volk, President
60 Cutter Mill Road Suite 402 Great Neck, NY 11021
(516) 466-0550 Fax: (516) 487-5944

 All transactions where we act as a commercial mortgage broker will be handled under the letterhead of GCP Capital Group LLC

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Copyright © 2008 Celtic Financial Group LLC.  All rights reserved.
Last modified: August 21, 2001