$1,400,000 Non-Recourse Secured for Mixed-Use Building in Brooklyn, NY
Brad Domenico arranged a $1,400,000 acquisition loan, representing a 60% LTV, for the mixed-use property located at 236 Malcolm X Blvd. in Brooklyn, NY.
The recently renovated property consists of a 4 story, turnkey-rustic building containing four (4) apartment units and one (1) retail unit totaling approximately 4,320 SF.
Brad worked with Metropolitan Bank to negotiate the following key terms:
- 35% Fixed for 5 Years
- 30 Year Amortization
- 20 Year Term
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