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$2,775,000 Arranged for Acquisition of Renovated Neptune Retail Plaza
Brad Domenico of Progress Capital Advisors Negotiated the Terms of the Permanent Mortgage.
By: Progress Capital
Domenico negotiated a 30 year term with 30 year amortization and an initial 5 year fixed rate period at 4.25%.The borrower will adhere to a declining pre-pay schedule. This loan represents 65% of the borrower's acquisition cost.
Progress Capital is a Commercial Real Estate Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners and developers of mixed-use, multi-family, construction, industrial, retail, office and commercial storage properties. With an unrivaled network of lending partners and capital market relationships we have arranged over $40 Billion in Transactions and Directly Funded over $150 Million. We get you to the closing table – plain and simple. #thatsPROGRESS
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