Brooklyn, NY – Abe Mann of Progress Capital arranged a $2,500,000 loan to refinance a luxury townhome property located in the desirable Clinton Hill neighborhood of Brooklyn, NY.
Mann negotiated the permanent mortgage financing with the following terms:
This one-of-a-kind townhome designed by noted architects, R.H. Robertson and A.J. Manning and built in 1901, is an architectural masterpiece. It is recognized for its land-marked Romanesque-Revival façade, detailed masonry work and beautiful stained glass and semi-circular arched windows.
The five-story corner property, encompasses 7 bedrooms and 7 bathrooms, completely renovated to the highest standard. The 6,000 SF townhome boasts 11′ ceilings, new oak hardwood floors and custom molding throughout. A winding staircase leads to the upper levels and include a full floor master suite complete with a library, gas fireplace and private terrace.
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.