FINANCED
Brad Domenico Of Progress Capital Secures $5M Loan For East Harlem Development Site
212-216 East 125th Street
Development Site
15,450 SF
15,450 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Development Site
15,450 sqft
A $5,000,000 land and pre-development loan has been secured by Brad Domenico from Emerald Creek Capital for the property located at 212-216 East 125th Street in East Harlem. The existing structures on the development site will be demolished to make way for the construction of a new mixed-use building, which will include commercial space and residential apartments.
Summary of transation details
- Property Type: Development site
- Transaction Amount: $5,000,000
- Lender: Emerald Creek Capital
- Broker: Brad Domenico - Progress.Capital
Brad Domenico from Progress.Capital was responsible for securing the $5,000,000 loan for the development site at 212-216 East 125th Street in East Harlem. The loan will facilitate the demolition of existing structures and the subsequent construction of a new mixed-use building, incorporating both commercial and residential spaces.
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Details
FINANCED
IMAGE: Brad Domenico
DATE: 12/14/2020
ADDRESS: 212-216 East 125th Street
MARKET: East Harlem
ASSET TYPE: Development site
LENDER: Emerald Creek Capital
BROKER: Brad Domenico (@Domenico317) @Progress.Capital
LOAN AMOUNT: $5,000,000
NOTE FROM @Progress.Capital: Brad secured a $5,000,000 land and pre-development loan for 212-216 East 125th Street in East Harlem. The existing structures are being demolished to make way for the development of a new mixed-use building to incorporate commercial space, as well as residential apartments.View on map
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Address212-216 East 125th Street
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