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The LARGEST FINANCIAL DEALS of 2015 The in nci 4

Progress capital Advisors Senate Place Jersey city, nJ

Eastern Un on Funding The Equitable Building Baltimore, MD

HFF - NJ Pennsylvania Portfolio Pennsylvania/Maryland

HFF - Philadelphia Horsham Portfolio Horsham, PA

Progress Capital Advisors Construction Loan Teaneck, NJ

institution: Eastern Union Funding Financier: Natixis Global Asset Man- agement In a pro j ec t

Size: 1.7MM s/f (30 Properties) Institution: Paramount Realty Services, Inc. closely observed by the media, East- ern Union presi- dent Ira Zlotowitz and Meir Kessner, senior managing di- rector, arranged a $21 million non- recourse three-year loan at 4.91% with a Wall Streep shop at 10 North Calvert St., Baltimore. JK Equities laid out Strategically located directly off the Pennsylvania Turnpike within the prestigious corporate commu- nity of Horsham, PA, this portfolio is comprised of 2,374,749 s/f. The 41 building portfolio consists of nine class Amulti-story properties, 13 single-story of- fice buildings, seven class Bmulti-story properties and 12 flex office buildings. The portfolio boasts strong, consistent overall occupancy and financial perfor- mance. Workspace Property Trust is a new landlord entrant into the suburban Philadelphia office market. This purchase represents a significant percentage of the overall Horsham/Willow Grove Office and Flex submarket at 17%. In one transaction, Workspace Property Trust is a top ten owner of office inventory in the overall Philadelphia market. The $200 million portfolio transaction provided by HFF represents the financing of the largest suburban office trade in the MSA in 2015. $32 million, including proceeds from the loan, to convert the nine-story stack of office buildings into 180 market-rate housing units. This CMBS deal embodied the surging demand for multifamily, the construction and renovation boom of late and the resurgence of Wall Street lending. With a sophisticated understand- ing of Wall Street’s unique underwriting structure, Eastern incorporated the technological advancements achieved during Wall Street lending’s hibernation, employing more data as its CMBS market share outpaces the rest of the indus- try. The Equitable Building, completed 1891, was Baltimore’s first skyscraper. Size: 2,374,749 s/f/ 41 buildings Institution: Liberty Property Trust Financier: JP Morgan Chase & Company

Institution: M&T Bank Financier: Brad Domenico, Prog- ress Capital Advisors Brad Domenico led the Progress Capital team in arranging a $30m construction loan. Terms included 24 months interest only; 6 month extension at LIBOR + 350 bps; 25% Limited Recourse and 80% LTC.

Brad Domenico

The Family Office, a long term client of Progress Capital is constructing a high end 7-story apartment building comprised of 128 units, ranging from 1 to 3-bedrooms with den and balcony in Teaneck, NJ. “Progress Capital is the financial arm of our cli- ents,” said Domenico. “We treat each of their deals as if it is our investment, providing a thorough financial analysis to ensure profitability and portfolio growth.” Progress Capital loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Direct Lending for Bridge Loans. Progress Capital arranged a $27.5m construction loan and also secured a JV partner to provide credit enhancement, a Guaranteed Maximum Price Contract and a Completion Bond. The development is located at 25 Senate Place in Jersey City. The construction loan was attractively priced at LIBOR plus 275 bps, floating for a 36 month period. Recourse was limited to 25%. “A development project such as this is a team effort and we are proud to have been able to contribute to its overall success. Every time I visit the site and see the progress being made – it’s very rewarding,” said Kathy Anderson. Senate Place is a 265 unit apartment building anchored by 5,700 s/f of retail. Ryan Ade, Broker institution: TD Bank Financier: Kathy Anderson, Progress Capital Advisors

Financier: AIG Global A portfolio of 32 properties located in Pennsylvania and Mary- land. The Portfolio is a mix of grocery anchored retail centers, single ten- ant properties, neigh- borhood retail centers, and office and medical office properties.

THE FUNDING SOURCE

= + PROGRESS CAPITAL ADVISORS +

(Financing)

(Forward)

(Experts)

Progress Capital Advisors The Funding Source

Phone: (732) 389-9701 ProgressCapitalAdvisors.com

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