$1,312,500 Secured for Acquisition of Clifton NNN Dollar General
Progress Capital’s Brad Domenico negotiated a $1,312,500 commercial mortgage loan for a valued client to acquire the retail property located at 449 Lakeview Avenue in Clifton, NJ. The stand-alone building is 11,556 SF and subject to a 10 year triple net (NNN) lease with Dollar General.
This loan represents 78% of the subject’s purchase price of $1,750,000 and is accompanied by the following terms:
- Rate of 3.75%
- 3-2-1 Prepayment Schedule
- 3 Year Term
- 25 Year Amortization
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