Manhattan, NY – Abe 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:
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.