$1,764,000 Secured for Retail Property in Parsippany, NJ
Kathy Anderson, Founding Partner at Progress Capital, negotiated a $1,764,000 acquisition loan for a retail property located at 280 Route 46 in Parsippany, NJ. The building is 17,377 SF with 85 parking spaces. The plaza is ideally located at the junction of Routes 280 and 80, as well as being just minutes away from Route 287, and Route 202, making it accessible to a wide market.
Kathy worked with Columbia Bank to negotiate the following key terms:
- 5% Fixed for 5 Years
- 25 Year Amortization
- 70% 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