Trending...
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- New AI Academy Helps Therapists Embrace Tech Without Losing Their Humanity
- Suzanne Harp named Managing Director in Texas, USA
BETHLEHEM, Pa. - PennZone -- Brad Domenico arranged $16,000,000 in financing for a valued client to acquire a 44 unit, 219 bed, multi-site Student Housing Portfolio adjacent to Lehigh University in Bethlehem, PA.
Student Housing is known to be recession resilient and offers a degree of stability that is seldom present in other real estate sectors, particularly during periods of market volatility. The rare opportunities available to purchase these property types is the exact reason the client was eager to lock in financing and secure this deal. Furthermore, because of the property's topography, situated between a mountain and the Lehigh River, there is little room for new construction.
The client's long-term goal is to use advances in technology and professional management to grow and professionalize the off-campus Student Housing portfolio, which has been traditionally operated as a "Mom and Pop" business.
Brad worked with Ladder Capital who provided 3 years interest-only, non-recourse, 75% LTV with a fixed rate of 4.75% for 10 years based on a 30-year amortization. These factors enabled the client to proceed with his business plan to continually improve and enhance the value of the property by minimizing expenses and maximizing returns.
More on The PennZone
The Lehigh Valley is located approximately 60 miles north of Philadelphia, 80 miles northeast of Harrisburg and 90 miles west of New York City. It is centrally located in the Northeast Megalopolis with ease of access and close proximity to several of the largest markets, population centers, airports, terminals, railways and seaports in the United States including both the New York and Philadelphia metropolitan areas.
Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.
We get you to the closing table…Plain and Simple. #thatsprogress
For more information visit www.progresscapital.com
Student Housing is known to be recession resilient and offers a degree of stability that is seldom present in other real estate sectors, particularly during periods of market volatility. The rare opportunities available to purchase these property types is the exact reason the client was eager to lock in financing and secure this deal. Furthermore, because of the property's topography, situated between a mountain and the Lehigh River, there is little room for new construction.
The client's long-term goal is to use advances in technology and professional management to grow and professionalize the off-campus Student Housing portfolio, which has been traditionally operated as a "Mom and Pop" business.
Brad worked with Ladder Capital who provided 3 years interest-only, non-recourse, 75% LTV with a fixed rate of 4.75% for 10 years based on a 30-year amortization. These factors enabled the client to proceed with his business plan to continually improve and enhance the value of the property by minimizing expenses and maximizing returns.
More on The PennZone
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- #ChipInChipAway at Hunger Taking Place on July 10th, 2025
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
The Lehigh Valley is located approximately 60 miles north of Philadelphia, 80 miles northeast of Harrisburg and 90 miles west of New York City. It is centrally located in the Northeast Megalopolis with ease of access and close proximity to several of the largest markets, population centers, airports, terminals, railways and seaports in the United States including both the New York and Philadelphia metropolitan areas.
Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.
We get you to the closing table…Plain and Simple. #thatsprogress
For more information visit www.progresscapital.com
Source: Progress Capital
0 Comments
Latest on The PennZone
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- BeyondTrucks CEO Wins Gold Stevie® Award for Best Entrepreneur in Transportation
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- C8C.AI Launches Audio Compliance Engine to Streamline Ethical AI Audio Data at Scale
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Medwave Recognized Among Top 10 Medical Billing Companies in USA by MedicoLeads
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Why HVAC Cleaning Is So Important In Philadelphia
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- VIP Vacations Recognized as a Top 50 Producer with Pleasant Holidays
- Big Butler Fair Announces 2025 Music Lineup and Grandstand Events