PROGRESS CAPITAL | Brooklyn, NY – $6,400,000
18411
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Brooklyn, NY – $6,400,000

Category
Industrial, Retail
About This Project

Progress Capital Secures $6,400,000 to Refinance Two Brooklyn Warehouse Buildings

 

Brooklyn, NY – 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 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