PROGRESS CAPITAL | Flushing, NY – $5,775,000
18831
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Flushing, NY – $5,775,000

Category
Multi-Family
About This Project

$5.775 Refinance Secured for Multifamily Property in Flushing, NY

 

Flushing, NY – Brad Domenico arranged $5,775,000 to refinance a multifamily building located at 61-47 Woodbine Street in Flushing, NY.

 

The four-story multifamily apartment building consists of 8 newly updated residential units. New updates to the units include, modern stainless-steel appliances, in-unit washer and dryers, HVAC split systems in every room, marble finished baths and beautiful rainfall showers. The location is prime as it offers full access to all the offerings of the Ridgewood area as well as restaurants, shops, banks and more at Fresh Pond Road. It is also only 2 blocks away from the M Fresh Pond Road train station and a 5- minute walk to the Seneca L-train.

 

Brad worked with Metropolitan Bank to negotiate the following key terms;

  • 4.4% Fixed for 5 Years
  • 65% LTV
  • 30 Year Amortization

 

Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners 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