$1.4 Million Secured for Refinance of Newark, NJ Multifamily Building
Brad Domenico negotiated $1,400,000 for a valued client to refinance a four-story multifamily building located at 265-269 Stuyvesant Avenue in Newark, NJ.
The property contains 18 units, 16,800 SF of gross building area and is located within a five-minute drive of Seton Hall University and minutes from Downtown Newark, the Garden State parkway, Route 21 and Route 280.
Brad worked with Red Capital to provide the following key terms:
- 30 Year Amortization
- 65% LTV
Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress