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
