Arbor funds $81M loan for Spaxel mutlifamily acquisition
Arbor Commercial Mortgage has funded an $81 million loan for Spaxel’s acquisition of a 701-unit New Jersey multifamily portfolio. Brad Domenico, partner at Progress Capital,
Tag : Progress Capital
Progress Capital arranges $22M loan for NJ developer
Progress Capital has arranged $21.625 million construction to permanent loan for the property located at 5 Meadow Lane in Gloucester City, NJ. Kathy Anderson arranged
Progress Capital arranges $16M construction loan for new Bronx development
Progress Capital has arranged a $16 million construction loan for a new Bronx development. Abraham Wieder’s Supreme Equities is building the 60,000 s/f mixed-use property
Progress Capital arranges $18M loan for latest Amazon fulfillment center
Asset Realty & Construction Group has secured an $18 million acquisition loan for the purchase of a former Sam’s Club warehouse it is redeveloping as
Developers rejigger loans following air rights deal
Madd Equities and Joy Construction have renegotiated financing for their new DoBro apartment development after buying NYCHA air rights that will let them build bigger.
Tomassetti lands construction loan for self-storage venture
Progress Capital announced that Kathy Anderson arranged a $14.5 million construction loan for Dino Tomassetti, managing member of 1 Holland, LLC. The property is located
TRANSACTIONS: GCP arranges $12M loan in the Bronx, Meridian tackles $26M Jersey loan
Eastern Union Funding announced the following transactions: A $5,275,000 first lien mortgage for the refinance of a multifamily on 49th Street in Brooklyn. This transaction
TRANSACTIONS: Essex Crossing senior housing gets $9M loan, Lightstone secures $36M loan for Moxy hotel
Delancey Street Associates arranged a $8.75 million loan from Goldman Sachs CMBS group through a refinancing for the community facility portion of the Frances Goldin
Sutton JV refinances Harlem retail
On behalf of Jeff Sutton and Wharton Properties, Abe Mann of Progress Capital secured $23,000,000 to refinance 324 West 125th Street. Located on a prime corner
TRANSACTIONS: Progress Capital secures $8.7M luxury townhouse refinance
Progress Capital announced that Abe Mann and Brit Zamoyta secured $8,700,000 to refinance a package of two luxury townhome properties in New York City. 123