Closed Loans

Brad Domenico Secures a $23 Million Construction Loan for New York Condo Project

New York, NY – Brad Domenico arranged a $23,175,000 construction loan for a valued client to complete a condo project at 260 Bowery Street in New York, NY.

The property located in the Nolita section of New York will have 8 floors total with 5 residential units. The first 2 floors will be devoted to retail. The central downtown address has easy access to the subway and Whole Foods, not to mention some of the hottest dining, shopping, and nightlife on the Lower East Side.

260 Bowery is situated where four of the oldest and most authentic downtown neighborhoods fuse. In a community as electric and eclectic as the Bowery district, life is immersed in traditional New York landmarks like the Bowery Ballroom, cultural icons such as the SANAA-designed New Museum, shopping destinations and world-class dining. Residents will enjoy a virtual doorman, bike room, and the phenomenal shared roof terrace with grill and spectacular city views.

The loan is non-recourse which Brad negotiated with Trevian Capital.

Progress Capital is a commercial real estate mortgage 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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