PROGRESS CAPITAL | Pelham Manor, NY – $3,450,000
18775
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Pelham Manor, NY – $3,450,000

Category
Land Loan
About This Project

Non-Recourse Secured for Pelham Manor, NY Gas Station

 

Pelham Manor, NY – Brad Domenico secured a non-recourse loan by a land lease with BJ’s Whole Sale Club located at 5 Secor Lane in Pelham Manor, NY.

 

The property is a pad site for a to be developed BJ’s gas station. The location is conveniently close to both US Highway 1 and Hutchinson River Parkway and is expected to attract various travelers.

 

Brad negotiated the following key terms:

 

  • 75% LTV
  • 30 Year Amortization
  • Non-Recourse

 

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