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Progress Capital Advisors

Press Releases

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Brad Domenico arranged $16,000,000 in financing for a valued client to acquire a 44 unit, 219 bed, multi-site Student Housing Portfolio adjacent to Lehigh University in Bethlehem, PA. Student Housing is known to be recession resilient and offers a degree of stability that is seldom present in other... - August 17, 2019
Progress Capital, a commercial mortgage advisory firm, closed a $22,300,000 loan from Valley National Bank to refinance The Shoppes at Cross Keys, a 176,000 square foot retail shopping center located in Sicklerville, NJ. Abe Mann of Progress Capital secured financing options that were tailored to the... - June 30, 2019
Brad Domenico, Partner at Progress Capital negotiated $23,353,000 for the refinance of a newly constructed high-rise apartment building located at 115-129 37th Street in Union City, NJ. The 10-story property, also known as “Hudson Heights,” is comprised of 96 high-end residential apartment... - June 16, 2019
Brad Domenico, Partner at Progress Capital, negotiated a $60,000,000 acquisition loan for a portfolio of 18 multifamily buildings located in Hudson County, NJ. The portfolio was purchased for $75,000,000. Niko Nicolaou of Gebroe-Hammer represented both the buyer and the seller in the transaction. Domenico... - February 17, 2019
Kathy Anderson, Founding Partner of Progress Capital negotiated a $10,000,000 permanent mortgage loan on behalf of Jerald Jerald Development Group, for a mixed-use building located at 101 Prosper Way in Brick, NJ. This 4-story property has 20,000 SF of ground floor retail space and 44 residential apartments... - January 18, 2019
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 in the Harlem neighborhood of Manhattan, the subject property is a newly constructed retail development anchored by CVS and Zwanger Pesiri Radiology. Mann... - November 30, 2018
Abe Mann and Brit Zamoyta of Progress Capital closed $8.7M to refinance two luxury New York Townhomes and closed in 4 days. 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... - November 19, 2018
Dave Cappello of Progress Capital Advisors secured a $3 Million loan for a commercial borrower to acquire, renovate and redevelop the ailing Sea Village Marina, a houseboat community along the Margate Causeway at the Jersey Shore destroyed by Hurricane Sandy in 2012. - March 25, 2017
128 Luxury Apartments - Limited Recourse - 80% LTC - October 30, 2015
Progress Capital Advisors | The Funding Source was tasked with arranging an $11 Million construction to permanent loan in order to renovate a decaying Sandy damaged 52,000 SF mixed use building in Coney Island, NY. The renovation provides a clean and renewed welcoming space, improving the overall neighborhood. - June 12, 2015
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