PROGRESS CAPITAL | New York, NY – $3,350,000
18417
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New York, NY – $3,350,000

Home / New York, NY – $3,350,000
Category
Multi-Family, Retail
About This Project

$3.35 Million Secured for Refinance of New York, NY Mixed-Use Property

 

New York, NY – Brad Domenico, Partner of Progress Capital negotiated a $3,350,000 permanent mortgage loan for a mixed-use property located at 324 East 73rd Street in Manhattan. The property is improved with a 5-story, walk up on a 2,554 SF site, built in 1910. The building contains a total of 18 residential units and 2 retail units. The unit mix of the subject property includes 5 studio units, 4 one-bedroom units and 9 two-bedroom units.

 

Brad worked with Red Capital Markets LLC to provide the following key terms:

  • 4.5% Fixed for 10 Years
  • 5 Years Interest Only
  • 30 Year Amortization
  • 55% LTV
  • Non-Recourse

 

Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.

 

We Get You to the Closing Table… Plain and Simple. #thatsPROGRESS