Closed Loans

$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
  • Non-Recourse

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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