Interior Design School Review

Main Menu

  • Home
  • Interior Design Loans
  • Designer Reviews
  • Interior Design
  • Architecture and Finance
  • Capital

Interior Design School Review

Header Banner

Interior Design School Review

  • Home
  • Interior Design Loans
  • Designer Reviews
  • Interior Design
  • Architecture and Finance
  • Capital
Interior Design Loans
Home›Interior Design Loans›Progress Capital arranges $54.5 million construction financing for Newark School of Architect & Interior Design

Progress Capital arranges $54.5 million construction financing for Newark School of Architect & Interior Design

By Macie Vincent
June 30, 2022
0
0
David May

David May and Evan Boles of Capital of Progress secured $54,500,000 in construction financing for the owners of a 179,100 square foot state-of-the-art educational facility located at 155 Jefferson Street, Newark, NJ.

Evan Boles

The property is the former site of the condemned St. James’s Hospital, which sat like a vacant eye sore for
the last 15 years. The sponsors will complete a complete renovation of the existing structure, plus
an addition to the structure which will include the new School of Architecture and Interior Design,
another career-oriented high school added to the list of public schools in Newark. The specialized school
will offer courses in architecture, computer-aided design and construction technology, as well as
allow students to opt into the school’s traditional trades programs, including plumbing, electrical and
HVAC.

Located in the Ironbound neighborhood of Newark, which is surrounded by four academic institutions
including Rutgers University (Newark Campus), New Jersey Institute of Technology (NJIT), New
Jersey Medical School (Rutgers) and Essex County College, all within walking distance
building. Location is adjacent to Elm Street and Lafayette Street, which is a ½ mile walk to Penn Station
and all the shops and restaurants in downtown Newark.

Capital of Progressa commercial real estate mortgage advisory firm specializing in arranging debt financing
for commercial real estate owners and developers. Founded in 1990, Progress Capital has closed over
$40 billion in commercial loans with $150 million in bridge loans funded directly.

(Visited 1 time, 3 visits today)

Related posts:

  1. The 5 finest photo voltaic panel loans of 2021
  2. Transactions and financing: acquisition of the $ 165 million portfolio of Focus; Sabra’s $ 29 million transaction
  3. Banker’s Hours column: Ready to see what occurs when mortgages roll out of forbearance
  4. Steak ‘n Shake avoids chapter, accuses lender of tried buyout

Categories

  • Architecture and Finance
  • Capital
  • Designer Reviews
  • Interior Design
  • Interior Design Loans

Recent Posts

  • 5 Ways to Strengthen Your Company Culture
  • Emily the Criminal Movie Review (2022)
  • Ahold Delhaize USA RBS hires Martin Wolfe as CTO
  • Four arrested for cheating ICICI Bank out of Rs 1.3 crore – The New Indian Express
  • Face Time: Angela Crum at CallisonRTKL

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • July 2020
  • May 2020
  • November 2019
  • September 2019
  • August 2019
  • July 2019
  • Privacy Policy
  • Terms and Conditions