Page 18 - Progress Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stamford, CT-based OneWall Partners secured $76 million in acquisition financing for its purchase of two suburban multifamily communities. Brad Domenico, Partner at Progress Capital arranged the loans from Arbor Commercial Mortgage through Fannie Mae’s SARMS product. OneWall Partners secured a $50,985,000 acquisition loan to purchase a 39-acre site located at 37 Alberge Lane, formerly Whispering Woods (pictured top).  The property has been rebranded Hopkins Point, is 98 percent occupied and contains 524 market-rate townhomes featuring one, two and three-bedroom units. Domenico also arrange...

Brad Domenico brokers second loan for ERCT Capital

Stamford, CT-based OneWall Partners has acquired two suburban multifamily communities in separate deals totaling nearly $100 million. It has bought the newly rebranded Hopkins Point (pictured top), formerly Whispering Woods, a suburban Baltimore rental property for $66 million from the Kushner Cos. The 39-acre property is 98 percent occupied and consists of 524 market-rate townhomes. Oak Grove Apartments And it has acquired Oak Grove Apartments & Townhomes, also in suburban Baltimore, for $32.5 million from Morgan Properties, the nation’s largest private multifamily housing owner. The 17-ac...

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Progress Capital arranges $40M acquisition loan for Broadacres Office Park April 23, 2021 11:02 am Progress Capital said on April 23 that it arranged a $40 million acquisition loan for ERCT Capital Group to purchase a four-building, 397,940-square-foot, Class-A office park located at 200, 300 and 400 Broadacres Drive and 1455 Broad St. in Bloomfield in an off-market transaction. Domenico Progress Capital Partner Brad Domenico worked with Jared Zimmel of Natixis Real Estate Capital, who provided a full-term, interest-only loan on a non-recourse basis. The sponsor was attracted to the locati...