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Brooklyn Multifamily Refinance Secures 10-Year Fixed-Rate at 4.40%
Abe Mann Negotiated the Amount and Terms of the Mortgage Refinance with First Republic Bank.
By: Progress Capital
Negotiating a $1,600,000 permanent mortgage allowed the client to retire the existing debt on the property and recapture a significant amount of invested equity to fuel continued real estate acquisitions adding to an already robust portfolio.
The loan is accompanied by a 10-year term and 30-year amortization. In addition the borrower may repay the loan at any time without penalty.
Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and residential developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and deployed over $150 Million through their direct lending platform.
To Learn More About This and Other Deals from Progress Capital Visit Us Online: http://www.progresscapital.com
Page Updated Last on: Aug 30, 2018