PROGRESS CAPITAL | Brooklyn, NY – $5,900,000
18539
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Brooklyn, NY – $5,900,000

Category
Multi-Family
About This Project

Progress Capital Arranges $5.9 Million Condo Portfolio Loan

 

Brooklyn, NY – Brad Domenico secured $5,900,000 for a valued client to refinance 5 condo buildings in Brooklyn, NY.  The properties contain a combined total of 10 residential condo units and 3 commercial condo units.  All buildings are proximate to transportation, local shopping and employment centers.

 

Brad worked with Cathay Bank to negotiate the following key terms:

  • 4.85% Fixed for 5 Years
  • Non-Recourse
  • 30 Year Amortization
  • Declining Prepay

 

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.