Closed Loans

Progress Capital Arranges $5.9 Million Condo Portfolio Loan

Brad Domenico secured $5,900,000 for a valued client to refinance 5 condo buildings in Brooklyn, NY. The properties contain a combined total of 10 residential condo units and 3 commercial condo units. All buildings are proximate to transportation, local shopping and employment centers.

Brad worked with Cathay Bank to negotiate the following key terms:

  • 4.85% Fixed for 5 Years
  • Non-Recourse
  • 30 Year Amortization
  • Declining Prepay

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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