News By Tag
News By Location
80% Loan to Cost Secured for Paterson Multifamily Acquisition
Brad Domenico of Progress Capital Negotiated the terms of the loan accompanied by a 12 month Interest Only Period.
By: Progress Capital
Domenico negotiated 12 months interest-only and a 5 Year fixed-rate of 3.45%. This loan represents an 80% loan to cost and is accompanied by a 20-year term and 30 year amortization.
Progress Capital is a Commercial Real Estate Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners and developers of mixed-use, multifamily, 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 Direct Funded $150 Million. We get you to the closing table – plain and simple. #thatsPROGRESS
Learn more about this and other recently funded transactions at: