PROGRESS CAPITAL | Bronx, NY – $4,157,000
17700
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Bronx, NY – $4,157,000

Category
Construction, Multi-Family, Retail
About This Project

$4,157,000 Secured for New Construction of Three Multifamily / Mixed-Use Buildings in the Bronx

 
Bronx, NY – Representing MADDD Equities, Brad Domenico, Partner at Progress Capital, negotiated a $4,157,000 construction to permanent loan for the development of three attached 4-story mixed-use buildings located at 139-141 Alexander Avenue in the Mott Haven section of South Bronx. Each of the three buildings will include 7 luxury residential units and one single ground level retail space.
 
Domenico arranged the loan with an initial 18-month interest-only period during construction. After the interest-only period the loan converts to a 7-Year permanent mortgage based on a 30 year amortization.
 
Progress Capital Advisors is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and residential developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and deployed over $150 Million through their direct lending platform.
 


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View Press Release
 
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