$8 Million in Refinancing Arranged for 71,000 Sqft Flex Building
In a recent CRE loan transaction, Brad Domenico and Frank Stanislaski of Progress Capital secured $8,000,000 in refinancing on behalf of the principal owners of a 71,000 square-foot office/industrial property located at 256 Washington Street, Mount Vernon, NY.
The site features a Class A office property comprised of 16 units across three adjoining buildings, plus one freestanding building. Additionally, the property offers surface parking spaces for tenants and is located steps from the Metro North Train Station for easy access to Manhattan and the outer boroughs.
Some interesting facts about Mount Vernon include:
- being the third-largest and the most densely populated city in Westchester County
- it’s an inner suburb of New York City, immediately north to the borough of the Bronx
- Memorial Field was used to film the classic “Mean Joe Greene” Coca-Cola commercial
- movies such as “Dead Presidents” and “The Book of Henry” have been set in or featured Mt. Vernon
Brad Domenico is proficient in suggesting the best financial structure for his clients, including senior debt, mezzanine financing and joint-venture equity. He is highly experienced in permanent, construction and bridge financing and has worked with many clients to maximize their loan proceeds. Brad is highly recognized within the industry and is often featured in news publications.. Contact Brad for all your financing needs. (732) 720-6304, brad@progresscapital.com
Frank Stanislaski specializes in underwriting commercial loans and performs comprehensive analysis of the underlying credit to ensure the client receives the most favorable options available. Frank works closely with Brad and can be reached at (732) 720-6315, frank@progresscapital.com
Progress Capital is a leading commercial real estate mortgage company that specializes in arranging debt financing for CRE owners and developers. Since commencing in 1990, the firm has closed over $50 billion in commercial loans and over $150 in directly-funded bridge loans.
www.progresscapital.com
