Commercial mortgages and multifamily mortgages brought to you by CFG. CFG is a real estate finance firm specializing in long-term, fixed-rate, non-recourse mortgages on commercial and multifamily properties nationwide.

******  CLICK HERE FOR IMPORTANT NOTICE REGARDING SOMEONE FRAUDULENTLY USING OUR NAME AND LOGOS *******

 

Home for CFG: Commercial Mortgages and Multifamily Mortgages Home
About CFG About CFG
Products Products
Loan Application Loan Application NEW!
Press Releases Press Releases
Recent
Closings

Deal
Checklist
E-Mail Inquiries E-Mail Inquiries

 
***************
Click here for your discounted personal or business stationery needs

 

August 20, 2001

Celtic Financial Group/GCP Capital Group Closes Multiple Loans

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 following transactions:

Location Type of Property Loan Amount Comments
Whalley Avenue,
New Haven, CT		 14 condos run as a rental property $487,500 This was a recently completed condo building, with no real operating history.  It was funded by a local CT bank.
4280-98 Broadway,
NYC		 2-tenant office building $2,500,000 50% of the space is occupied by the Social Security Administration, who has a termination clause in their 10-year lease.  Nonetheless, this was funded by a life company with a 20-year term.
2759-65 Atlantic Ave.,
Brooklyn, NY		 Single-tenant office/showroom $500,000 This was a single tenant, tire distribution and showroom.  The loan was funded by a local bank.
1717 Broadway,
Brooklyn, NY		 Multi-tenant retail building $560,000 This was a 3-story building, with local retail on the 1st floor and single tenants on the 2nd and 3rd floors.  This was funded by a local bank.

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 2000 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

 

  Previous Press Release [ Back ] [ Next ] Next Press Release
 
Home | About CFG | Products | Loan Application | Press Releases | Recent Closings | E-Mail Inquiries
NEW!

Judd A. Volk, President
 60 Cutter Mill Road wpe6.gif (818 bytes) Suite 402 wpe6.gif (818 bytes) Great Neck, NY 11021
(516) 466-0550 wpe6.gif (818 bytes) 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

Send mail to deals@celticfinancial.com with questions or comments about this website.
Copyright © 2008 Celtic Financial Group LLC.  All rights reserved.
Last modified: September 27, 2002