Progress Capital Secures $6,400,000 to Refinance Two Brooklyn Warehouse Buildings
Kathy Anderson, Founding Partner at Progress Capital arranged a $6,400,000 loan secured by two industrial/warehouse properties totaling 88,000 SF in Brooklyn, NY.
Kathy along with Spencer Savings Bank negotiated the following terms for both loans:
- 4.625% Fixed for 5 Years with reset
- 30 Year Amortization
- 65% LTV
- 5-4-3-1-1 prepay
- 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
