PROGRESS CAPITAL | The Bronx, NY – $2,800,000
13489
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The Bronx, NY – $2,800,000

Category
Retail
About This Project

The Bronx, NY

Progress Capital arranged a permanent mortgage loan on a TD Bank branch building.  This was a Non-Recourse loan with a 15 year term, based on a 25 year amortization.   The prepayment penalty is limited to the first 5 years and is waived in the event of a third party sale.