$9 Million Refinance Loan Arranged by Progress
In a recent transaction, PROGRESS CAPITAL secured $9,000,000 in CRE refinancing for a 36,800 SQFT industrial property located at 122 Bruckner Blvd., Bronx, NY.
Progress Capital’s Brad Domenico and Frank Stanislaski worked on behalf of the borrower to secure a 3-year fixed-rate loan with favorable terms including 3-years I/O, which was provided by Lakeland Bank.
122 Bruckner Blvd. is an industrial/warehouse property with a strong tenant base located near the Harlem River Waterfront. The building strategically situated in the Bruckner Blvd. corridor, primarily characterized by mixed commercial, residential and industrial use.
PROGRESS CAPITAL is a commercial real estate mortgage advisory company specializing in arranging debt for commercial real estate owners and developers since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we get you to the closing table…Plain and Simple. Read more: progresscapital.com Learn more: BLOG/NEWS
Brad’s strong financial background coupled with his experience in commercial real estate make him an unrivaled asset to the firm. He is incomparable when it comes to suggesting how to best leverage a client’s real estate holdings to accomplish ultimate goals for their real estate portfolios. This allows him to suggest the best financial structure which often includes senior debt, mezzanine and JV equity. Brad is highly experienced in permanent, construction and bridge financing and has worked with many clients to maximize their loan proceeds. PH: 732.720.6304 | brad@progresscapital.com
Frank Stanislaski, Vice President
Frank’s background and experience as a credit analyst specializing in underwriting commercial loans has equipped him with the essential tools to fully support the loan officers and provide credit underwriting for all facets of loan requests. He concentrates on performing detailed analysis of each loan request to determine the best loan structure for the client. PH: 732.720.6315 | frank@progresscapital.com
