PROGRESS CAPITAL | Manhattan, NY – $1,500,000
18528
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Manhattan, NY – $1,500,000

Category
Multi-Family
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