Closed Loans

Non-Recourse Secured for Pelham Manor, NY Gas Station

Brad Domenico secured a non-recourse loan by a land lease with BJ’s Whole Sale Club located at 5 Secor Lane in Pelham Manor, NY.

The property is a pad site for a to be developed BJ’s gas station. The location is conveniently close to both US Highway 1 and Hutchinson River Parkway and is expected to attract various travelers.

Brad negotiated the following key terms:

  • 75% LTV
  • 30 Year Amortization
  • Non-Recourse

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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