PROGRESS CAPITAL | Brooklyn, NY – $1,500,000
19125
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Brooklyn, NY – $1,500,000

Category
Line of Credit
About This Project

$1.5 Million Home Equity Line of Credit Secured for Single Family Home

 

Brooklyn, NY – Brad Domenico negotiated a $1,500,000 line of credit for a valued client to acquire a single-family home located at 1002 East 8th Street in Brooklyn, NY.

 

The 3-story home was built in 2009 and sits on a 4,820 SF lot. The property has about 4,400 SF of floor space and is located in the Ocean Parkway neighborhood of Brooklyn.

 

Brad worked with City National Bank to negotiate a low interest rate of 3.49% with 30-year amortization.

 

Progress Capital 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 directly funded over $150 Million.