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$3.46 Million Secured with 2 Years Interest-Only for Bed-Stuy Multifamily Building
Brad Domenico of Progress Capital Negotiated an 80% Loan to Purchase Price for a Valued Client to Acquire the Subject Property.
By: Progress Capital
With contract sale price of $4.31 Million, this loan represents an 80% loan to purchase price. The loan is accompanied by a 24 month interest-only period with a 7 year fixed rate of 3.85%. The non-recourse loan carries with it a 20 year term based on a 30 year amortization.
Progress Capital 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
Learn More About This and Other Recently Closed Transactions at:
Page Updated Last on: Apr 24, 2018