Real Estate Journal — 40 Under 40 — September 13 - 26, 2019 — 11D
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40 U nder 40
Brad Domenico, Progress Capital HONEST ADVICE | EXPERT EXECUTION #thatsPROGRESS
rad Domenico is no stranger to NJ. Born and raised in Mon- mouth County, Brad had his eye on real estate at an early age. Kathy Anderson, Founder of Progress Capital (and Brad’s mother) gave him an early introduction to commercial real estate finance at the dinner table. Brad always set lofty goals as a child and dreamed of doing Billion Dollar deals in Manhattan. After graduating college fromRider University as a collegiate athlete, Brad spent several years at Neu- berger Berman and quickly realized real estate debt was his passion. Closing $75 Mil- lion in new loans in his first year with Progress Capital, Brad has more than doubled his business year over year to close just shy of $1 Billion in CRE loan business in 2018. What sets him apart is how he approaches each deal. He expertly structures loan transactions and proactively tackles issues before they become problems. His clients love his energy and the banks appreciate his process. Brad has continually carved out a larger and larger portion of NJ and NY real estate clients. Brad has always felt that giving honest advice to his clients, even if it’s not what they want to hear, is of paramount importance. LEADERSHIP Brad was born a leader. He led his high school golf team to multiple state champion- ships and lead the Rider Golf team to their three best performing years. Once Brad joined Progress, he quickly started targeting larger cli- ents and realized he was going to need help to ensure the highest level of client satisfaction. After starting with one analyst five years ago, he currently runs a team of 6 dedicated staff to handle his deal flow. He sets high expectations for himself which filters down to the rest of his team. While making sure things are done to the Progress standard, he consistently gives his team the freedom to explore better and new ways to tackle the loan process which has cre- ated a true entrepreneurial environment. His team looks up to him and enjoys working under Brad’s guidance. B
Brad’s clients often look to him for leadership as well. By completing a large number
end, the client has the most advantageous deal structure. He’s client centric but thinks
the organization. With Brad’s input, Progress Capital has grown 74% year over year for the past two years and has no intention of slowing down. VISION Brad’s vision is simple. He wants the Progress Capital name to be synonymous with large and complicated trans- actions. He wants to continue working with credit worthy borrowers that are improv- ing neighborhoods. Since his start at the company, he has continually made advance- ments toward that goal. He
has increased his clientele to include titans in the NJ and NY Real Estate markets and has steadily increased his transaction size and now has a pipeline filled with deals well over $50 Million. He also knows where the business can expand. In 2016 he oversaw the creation of Progress Direct, which is a direct lending platform specialized in funding short term bridge loans. Since in- ception, Progress Direct has closed over $150 Million in transactions.
Closing $75 Million in new loans in his first year with Progress Capital, Brad has more than doubled his business year over year to close just shy of $1 Billion in CRE loan business in 2018.
of transactions on a yearly basis, he truly has his finger on the NJ and NY debt mar- kets. He knows what lenders are thinking and how to pro- actively tackle complicated transactions so that in the
like a lender so he always provides his clients true ad- vice when they need it most. Since becoming a Partner at Progress Capital in 2016, Brad has been involved in the strategy and growth of
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