PROGRESS CAPITAL | Manhattan, NY – $1,500,000
portfolio_page-template-default,single,single-portfolio_page,postid-18528,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-2.7,wpb-js-composer js-comp-ver-5.4.7,vc_responsive

Manhattan, NY – $1,500,000

About This Project

$1.5 Million Refinance Arranged for Multifamily Property in Manhattan, NY


Manhattan, NYAbe Mann, Vice President at Progress Capital, arranged a $1,500,000 loan to refinance a 4-unit multifamily property located in the Hamilton Heights neighborhood in Manhattan, NY.


Built in 1899, the 3-story townhouse is conveniently located just a block away from the A, B, C and D trains and close to many shops and eateries. Each unit within features high ceilings, an abundance of natural sunlight, exposed brick, new stainless-steel appliances, tiled bathrooms and beautiful hardwood floors.


Abe and the Progress Capital team were instrumental in a smooth underwriting and closing process. They worked with Silver Hill Funding, LLC who funded in only 6 weeks and achieved the following key terms:


  • 6.625% Fixed for 5 Years
  • 30 Year Term
  • 30 Year Amortization
  • 65% LTV
  • No Bank Fees
  • 3,2,1,0 Prepayment Plan


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…we will get you to the closing table … plain and simple  – #thatsPROGRESS