Best of 2019 - Top Financial Deal - Progress Capital

April 9, 2020

Progress Capital
UES Memorial Sloan
Kettering Cancer Center
Loan: $130,000,000

Institution: Natixis
Financier: Progress Capital    
Location: 330 East 62nd Street, Manhattan, NY
Size: 100,000 SF
Brad Domenico arranged a $130,000,000 permanent mortgage for YYY 62nd Street LLC, a joint venture between Joy Construction and Maddd Equities. The loan was secured by a newly constructed 7-story build to suit community facility building at 330 East 62nd Street in Manhattan leased to Memorial Sloan Kettering on a long-term lease.
Domenico negotiated the terms with Natixis featuring 80% LTV with full term I/O and non-recourse. READ MORE

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