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May 15, 2002

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
Northern Funding 1-4 Family Properties $20,000,000 We successfully arranged a $20 million credit line for a lender on 1-4 family investment properties.
Bloomfield, NJ Self-Storage $6,125,000 This loan was a acquisition/construction loan for a self-storage facility, which had some existing units.
222 E. 116th St. Mixed-Use $250,000 Arranged acquisition loan for small mixed-use property in NYC.
New York, NY 3 Luxury Multifamily Properties $71,000,000 Low-rate (6.375%) financing with area bank on three luxury buildings in NYC. 
35-20 Leverich 4 Condos $250,000 Arranged acquisition loan for four investment condos in NYC.
New Haven, CT Mixed-Use $585,000 Arranged refinance loan for mixed-use property in CT.

In addition to its role as a direct lender for certain properties, 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 2001 the firm closed mortgage transactions totaling nearly $1.0 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 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

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Last modified: February 06, 2008