Closed Loans

Progress Capital Secures a $10M Loan for the Refinance of Village Place at Goshen in NY

Brad Domenico and Gabby Cali of Progress Capital secured a $10,000,000 loan for Wainco Realty to refinance the existing mortgage on a multifamily apartment community located 100-300 Canter Court & 295-297 West Main Street, Goshen, NY.

Brad and Gabby worked with TD Bank who provided the following terms:

  • $10,000,000 Loan
  • 2.25% Fixed for 10 Years
  • 30 Year Amortization

The luxury resort-style apartment community, known as Village Place at Goshen, is a three-building apartment community which offers (48) high-end apartments with a unit mix of all oversized 2 bedroom/2-bathroom units comprised of 1,300-1,400 SF each. The subject also includes (1) single family rental house on the adjacent lot included in the collateral, which brings the unit count up to (49) total rentals at the property.

Each apartment features spacious floor plans, ergonomically refined gourmet kitchens and baths with granite counters, cut-tile floors found in “resort-size” master bath showers, light-filled living spaces featuring high 9-foot ceilings, individually controlled heating and AC, full size in-unit washers & dryers, and high-end, meticulously detailed finishes throughout the units from floor to ceiling,

The (3) apartment buildings in Village Place at Goshen each include secure indoor parking garages, plus personal storage units for tenants located below grade. There are also elevators that provide direct service from the garage level up to all units on each of the floors above.

The property offers various additional amenities including 24/7 security camera monitoring throughout the property, secure buildings with keyless entry, trash chutes on each floor, a lobby, luxury interior finishes in common areas and is a pet friendly community.

Village Place at Goshen is surrounded by a superb choice for shopping, culture, recreation and dining in Orange County’s historic Village of Goshen, NY.  The property is just off of Route 17, at the quiet intersection of Clowes Avenue and West Main Street and is situated within walking distance to the heart of the historic district of the area. Residents can conveniently stroll through charming streets, enjoy shopping, culture, recreation, dining at the various local restaurants, or even venture over to the many local attractions in the area including the nationally recognized historic district features a horse racing track and the Harness Racing Hall of Fame and Museum.

“At Village Place, we set out to design a truly great home, one that creates a sense of well-being, beauty and self-expression, one that reflects today’s informal lifestyles and emphasizes quality over quantity … one that values distinction and attention to the details that create timeless appeal.” – said Stuart Wainberg, President of Wainco Realty.

Progress Capital is a commercial real estate advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans.  Since 1990, we consistently get our clients to the closing table… plain and simple!

 

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