Closed Loans

$5.775 Refinance Secured for Multifamily Property in Flushing, NY

Flushing, NY – Brad Domenico arranged $5,775,000 to refinance a multifamily building located at 61-47 Woodbine Street in Flushing, NY.

The four-story multifamily apartment building consists of 8 newly updated residential units. New updates to the units include, modern stainless-steel appliances, in-unit washer and dryers, HVAC split systems in every room, marble finished baths and beautiful rainfall showers. The location is prime as it offers full access to all the offerings of the Ridgewood area as well as restaurants, shops, banks and more at Fresh Pond Road. It is also only 2 blocks away from the M Fresh Pond Road train station and a 5- minute walk to the Seneca L-train.

Brad worked with Metropolitan Bank to negotiate the following key terms;

  • 4.4% Fixed for 5 Years
  • 65% LTV
  • 30 Year Amortization

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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