A multifamily property located at 400 Suydam Street in Bushwick recently underwent a closed transaction. The deal was facilitated by Brad Domenico and John Libretti from Progress Capital, who acted as brokers representing the buyer and seller. The property, which is situated in the Bushwick market, attracted the attention of lenders, ultimately securing a loan from JLJ Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,600,000

The loan provided by JLJ Capital amounted to $2,600,000, and the terms of the loan were full term with interest-only payments. Brad Domenico and John Libretti from Progress Capital played a crucial role in facilitating the transaction, successfully connecting the buyer and seller and ensuring a smooth process. The involvement of experienced brokers helped navigate the complexities of the deal and secure favorable terms for all parties involved.