Closed Loans

$1.5 Million Refinance Arranged for Multifamily Property in Manhattan, NY

Abe Mann, Vice President at Progress Capital, arranged a $1,500,000 loan to refinance a 4-unit multifamily property located in the Hamilton Heights neighborhood in Manhattan, NY.

Built in 1899, the 3-story townhouse is conveniently located just a block away from the A, B, C and D trains and close to many shops and eateries. Each unit within features high ceilings, an abundance of natural sunlight, exposed brick, new stainless-steel appliances, tiled bathrooms and beautiful hardwood floors.

Abe and the Progress Capital team were instrumental in a smooth underwriting and closing process. They worked with Silver Hill Funding, LLC who funded in only 6 weeks and achieved the following key terms:

  • 6.625% Fixed for 5 Years
  • 30 Year Term
  • 30 Year Amortization
  • 65% LTV
  • No Bank Fees
  • 3,2,1,0 Prepayment Plan

Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress

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