$3.1 Million Secured for New York Industrial Building

Queens, NY – Kathy Anderson arranged $3,100,000 for the refinance of a 131,000 square foot industrial building located at 51-18 Grand Avenue, Queens, NY.

The property consists of 8,000 square feet of ground floor space, 2 drive-in doors, high, 15-foot ceilings, a small office, private parking and off-street parking. It is conveniently located within 3 miles of public transportation and 11 minutes from La Guardia Airport.

Kathy worked with Lakeland Bank to negotiate a non-recourse loan with a 30-year amortization an 10-year term.

Progress Capital is a commercial real estate advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans.  With over 30 years of experience, we continually prove our value to our clients by securing the best financing options available in the market.