Brad Domenico of Progress Capital Advisors arranged two loans, a combined $1,930,000 in financing, for a borrower to expand his portfolio in the Metro NY / Weehawken areas.
$1,120,000 was secured for a construction to permanent loan for a 7,800 SF two family home located at 546 Gregory Avenue which is being gut renovated into 2 luxury three-bedroom/two bathroom units. The loan terms included:
Converting to Permanent Loan
Domenico also arranged an additional $810,000 in financing for the same borrower to acquire a former TD Bank branch located at 4200 Park Avenue which the borrower plans to convert into 3 commercial units and 4 apartments. The borrower requested a short-term bridge loan while he finalizes his approvals.
Progress Capital Advisors loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple… #thatsPROGRESS