PROGRESS CAPITAL | New York, NY – $3,500,000
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New York, NY – $3,500,000

About This Project

$3.5 Million Secured for Central Park North Multifamily Property


New York, NY – Abe Mann of Progress Capital arranged a $3,500,000 loan to refinance a 30-unit multifamily property located on Central Park North in Manhattan. The property was acquired in 1982 by its current owner, who has kept it beautifully well-maintained throughout.  In 2017, many residential units and common areas were fully renovated with all new kitchens and bathrooms, new flooring and trim and high-end finishes.


Abe negotiated the permanent mortgage financing with a local Savings Bank with the following terms:


  • 4.25% Fixed for 5 Years
  • 2 Years Interest Only
  • 30 Year Amortization
  • 3-1-0 Prepay
  • Non-Recourse


Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and 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