Closed Loans

$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

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