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  • Abe Mann and Brit Zamoyta of Progress Capital Close $8.7M in Refinance For New York Townhomes in 4 Days

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    Abe Mann and Brit Zamoyta of Progress Capital secured $8,700,000 to refinance a package of two luxury townhome properties located in New York City. Property 1: 123 East 61st Street is an 8,500 SF property located on the Upper East Side of Manhattan. The subject property was in need of construction proceeds for hard and soft costs. Once completed, the property will be for sale as a 6-bedroom luxury townhome with amenities

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    Abe Mann and Brit Zamoyta of Progress Capital Close $8.7M in Refinance for New York Townhomes in 4 Days

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    Abe Mann and Brit Zamoyta of Progress Capital secured $8,700,000 to refinance a package of two luxury townhome properties located in New York City. Property 1: 123 East 61st Street is an 8,500 SF property located on the Upper East Side of Manhattan. The subject property was in need of construction proceeds for hard and soft costs. Once completed, the property will be for sale as a 6-bedroom luxury townhome with amenities

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    Abe Mann and Brit Zamoyta of Progress Capital Close $8.7M in Refinance For New York Townhomes in 4 Days

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    PR.com
    Abe Mann and Brit Zamoyta of Progress Capital secured $8,700,000 to refinance a package of two luxury townhome properties located in New York City. Property 1: 123 East 61st Street is an 8,500 SF property located on the Upper East Side of Manhattan. The subject property was in need of construction proceeds for hard and soft costs. Once completed, the property will be for sale as a 6-bedroom luxury townhome with amenities

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    © All Rights Reserved
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    din 2

    Abe Mann and Brit Zamoyta of Progress Capital Close $8.

    7M in Refinance for
    New York Townhomes in 4 Days

    Tinton Falls, NJ, November 19, 2018 --(PR.com)-- Abe Mann and Brit Zamoyta of Progress Capital
    secured $8,700,000 to refinance a package of two luxury townhome properties located in New York City.

    Property 1: 123 East 61st Street is an 8,500 SF property located on the Upper East Side of Manhattan.
    The subject property was in need of construction proceeds for hard and soft costs. Once completed, the
    property will be for sale as a 6-bedroom luxury townhome with amenities such as an elevator, rooftop
    deck, movie theater and wine cellar.

    Property 2: 215 Clinton Avenue is a 6,000 SF newly renovated luxury townhome in the desirable
    neighborhood of Clinton Hill, Brooklyn. The loan was maturing and the owner needed replacement
    financing.

    Mann and Zamoyta structured the amount and terms which include a 2-year interest only period at a
    competitive floating rate above Prime. They were able to close the loan without an interest reserve
    requirement within 4 days of term sheet signing.((

    About Progress Capital:


    Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for
    commercial real estate owners, operators and developers. Since 1990, Progress has secured loans in
    excess of $40 Billion in commercial loans and directly funded over $150 Million through their Direct
    Lending platform. With 25 years of industry leading experience, Progress Capital has an unrivaled
    network of lending partners and capital market relationships allowing us to provide you with flexible
    custom financing solutions.

    Media Contact:
    Lilly Preziose
    732-720-6302
    lilly@progresscapital.com

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    Contact Information:
    Progress Capital
    Lilly Preziose
    732-720-6302
    Contact via Email
    www.ProgressCapital.com

    Online Version of Press Release:


    You can read the online version of this press release at: https://www.pr.com/press-release/770246

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