Forty under 40

14D — August 24 - September 13, 2018 — — M id A tlantic

Real Estate Journal


40 U nder 40 Brad Domenico, Progress Capital Diligence, Persistence and Reliability


early interest in real estate related investments and fi- nance. Subsequently, in 2006, Brad, a NJ native, graduated from Rider University with a Bachelor of Science in Busi- ness and Finance. Unsure of exactly where he wanted to land within the financial sec- tor, Brad took an analyst po- sition with Lehman Brothers working in the Fixed Income and Equities Department. As an analyst he had exposure to a large breadth of investment and finance products. From there he joined Neuber- ger Berman as an Associate in

2008. Brad focused his knowl- edge on asset allocationmodels, mutual funds and long-term investment objectives. Work- ing with high net worth clients, foundations and universities he realized he had a particular interest in commercial real estate investments. In 2010, while still with Neuberger Ber- man, Brad founded Lexington Realty Advisors to own and operate several multifamily buildings in Northern NJ. In 2013, Brad decided to leave Neuberger Berman and part- ner with his mother, Kathy Anderson, to significantly build

out a larger mortgage banking team, growing the existing firm and increasing industry market share. As Partner, Brad is respon- sible for all aspects of the business; sourcing customized financing solutions for high profile CRE investors, owners and developers, originating short term bridge loan oppor- tunities, analyzing the market and advising clients on asset allocations/acquisitions and long-term growth objectives. In 2014 he launched Prog- ress Direct, a direct lending division of Progress Capital

continued on page 30 D Upon joining Progress Capi- tal, Brad’s focus was on signifi- cantly increasing the compa- ny’s client list and the number of annual transactions. With such growth in mind, he set the goal of bringing in at least one new broker every year to funded by private investors, allowing the firm to directly fund bridge loans from $1 Million to $20 Million. Since 2013, Brad has negotiated $3.1 Billion in financing on behalf of a wide network of clients in the NJ/NY Metro area, recently closing an $86 Million construction loan for a Memorial Sloan Kettering Of- fice and community center on the Upper East Side in NYC. Leadership Working as a commercial real estate mortgage broker in the NY Metro Area requires, in and of itself, the need to be a strong leader – managing client relationships, leading the underwriting process and ultimately securing financing for his clients. As a Partner at Progress Capital, Brad strat- egizes on annual company objectives, marketing initia- tives, client satisfaction and building an unrivaled network of lending and capital market relationships to position Prog- ress for growth; while having the ability to secure financing for any type of CRE project. At the start of 2018, com- mercial lending continued to be robust, but in the current post election environment, bank underwriting standards continue to tighten. Brad’s unique ability to identify proj- ects that are financially viable coupled with his vision to as- sess credit risk, makes Brad a highly sought after financial advisor. Brad becomes a part of his client’s team sharing in their long-term objectives in order to attainmutual success. He fosters strong relationships with lenders based on char- acter, often allowing them to make prompt credit decisions as they can rely on the infor- mation provided. Diligence, persistence and reliability define Brad’s work as he con- tinues to establish himself in this highly competitive mar- ket. Persistence is key when he believes in a business deal; he will stand by his clients and follow it through to the end no matter how many obstacles emerge. Vision

rofessional Accomplishments Brad Domenico was

no stranger to commer- cial real es- tate finance growing up. His mother, KathyAnder- son, founded P r o g r e s s Cap i t a l i n 1990 when

Brad Domenico

he was just 6 years old. From then on, he heard stories of big buildings with big community influence. This sparked an

(908) 433-7467 brad@progresscapital.com

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