Real Estate Journal — Owners, Developers & Managers — October 30 - November 12, 2015 — 5B


M id A tlantic

O wners , D evelopers &M anagers 3,600 s/f Upper East Side private condominium Progress Capital provides $8m bridge loan for UAE Prince

New Jersey Realty Advisory Group, LLC Commercial Valuation and Litigation Support Providing Professional Appraisal Services for Lenders, Property Owners, Government Agencies and the Legal Community of over 35 years

EXPERIENCE New Jersey Realty Advisory Group, LLC, is a full service Real Estate Appraisal Company ser- vicing central and northern New Jersey. With over 35 years of experience in the real estate business, we perform a wide variety of services for lenders, attorneys, government agencies, corporations and private individuals. KNOWLEDGE We know the market. We have worked extensively in Northern New Jersey and have ap- praised all types of properties from residential homes, large industrial and office buildings, to mom and pop investment properties. TRUST We specialize in commercial, retail, industrial, multi-family of all sizes, special purpose proper- ties and the mom and pop buildings located throughout northeastern New Jersey. We can handle all of your appraisal needs, delivering USPAP-compliant reports for financing, equi- table distribution, eminent domain, inheritance tax or partial interest purposes.

EW YORK —Prog- ress Capital | The Funding Source was contacted by the Prince’s stateside trustee/advisor to arrange a bridge loan to complete renovations on his 3,600 s/f Upper East Side private full-service boutique condominium. Brad Do- menico was able to arrange a 12 month interest only loan which provided fund- ing of $5.5 million at clos- ing and an additional $2.5 million for remaining reno- vations. The non-recourse loan was collateralized by a first mortgage on the UES condominium and second mortgages on two luxury Boston condominiums. “It is very difficult to find funding of this type in gen- eral, but when you add in the complication of a foreign national, it came down to the lending relationships that Progress Capital has solidi- fied over the years”, said Brad Domenico. Upon completion, the bridge loan will be refi- nanced with a conventional mortgage through Citibank. Progress Capital Advisors’ loan programs include Fixed rate loans, construction and specialty financing as well as direct lending for bridge loans. n N Advantage Engineers adds 8,000 s/f to MD office COLUMBIA, MD — Ad- vantage Engineers an- nounced the expansion of their Columbia office. The firm

Albert F. Chanese, SCGREAMAI | Jennifer Barany, SCGREA Michael Nwose, SCRREA

2500 Plaza 5 Harborside Financial Center Jersey City, New Jersey 07311 (201) 499-7618

333 State Street Perth Amboy, New Jersey 08861 (732) 853-0271


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they wrote the policy. we make sure they write the check.



has added an a d d i t i o na l 8,000 s/f to their 10,000 s/f facility in the Colum- bia Gateway B u s i n e s s Park, a 630- acre corpo-

n 24/7 Comprehensive Emergency Services n Policy Analysis n Property Damage Assessment n Full Claim Preparation

n Negotiate Loss and Values n Negotiate Maximum Settlement n Facilitate Prompt Reimbursement n Third-generation, Family-owned

rate community. The expan- sion will accommodate their recent growth in the Mary- land, DC and Virginia market. “The office expansion will allow for a more efficient use of our resources and better col- laboration among team mem- bers,” said John McGrath , COO at Advantage Engineers. “We expect to see continued growth across all of our ser- vice lines and look forward to continuing to meet the needs of our clients.” n John McGrath

NEW JERSEY | NEW YORK | PUERTO RICO 1211 Liberty Avenue Hillside, NJ 07205 The Soho Building 110 Greene Street, Suite 507 New York, NY 10012

Toll Free: 877MMiller (877-664-5537) www.mmillerson.com


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