Progress Capital Facilitates $16 Million in Refinancing for Maddd Equity’s Bronx Property
In a significant achievement for the Commercial Real Estate (CRE) financing industry, Brad Domenico, a partner at Progress Capital, has successfully secured a $16 million refinancing deal for a prominent property located in the Bronx, owned by Maddd Equities.
This impressive transaction solidifies Domenico’s position as a key player in the field, showcasing his expertise in identifying optimal financing solutions, negotiating favorable terms and delivering a seamless transaction for his client.
3170 Webster Avenue spans an impressive 70,011 square-feet and plays host to essential establishments within the Bronx community. Among its notable tenants, the Empire State Ambulatory Surgery Center offers critical healthcare services, while Crunch Fitness provides residents with a dedicated space for their fitness pursuits, along with the Bronx Community Charter School, taking center stage as an educational beacon for the local community.
“This deal is a prime example of how strategic financial solutions can drive growth, stability, and progress for both property owners and the communities they serve.” – Brad Domenico
As a trusted CRE mortgage advisory firm since 1990, Progress Capital has provided clients with invaluable advice on managing their capital needs. Having successfully closed over $40 billion in commercial loans and $150 million in directly funded bridge loans, the firm has built a strong reputation for delivering exceptional results.