Progress Realty Partners Secures $9.9M Acquisition Loan For Buffalo Retail Property

The property involved in this transaction is a retail asset located at 5165 & 5175 Broadway in Buffalo. The property spans a total of 150,000 square feet. The deal was facilitated by Progress Realty Partners, represented by Dan Salonis, Adam Dickert, and Kathy Anderson. The broker for this transaction was Brad Domenico of Progress Capital.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $9,900,000
• Loan Type: Acquisition
• Loan Terms: 5.65% Fixed Rate Loan Closed within 60 Days

The key individuals involved in this deal include Dan Salonis, Adam Dickert, Kathy Anderson from Progress Realty Partners, who acted as the landlord in this transaction. Brad Domenico of Progress Capital served as the broker for this deal, securing a loan amount of $9,900,000 for the acquisition. The loan terms included a fixed rate of 5.65% and the loan was successfully closed within 60 days.