Closed Loans

$2.1 Million Refinance Arranged for Hasbrouck Heights Multifamily Property

Brad Domenico negotiated $2,100,000 for the refinance of a 2-story multifamily building located at 294-308 Terrace Avenue in Hasbrouck Heights, NJ.

The property is comprised of 16 residential apartments and offers a large on-site parking lot in the rear of the building. It is conveniently located within walking distance to the bustling downtown area and close to I-80, Teterboro Airport and Teterboro Train station for easy transportation access.

Located in Bergen County, NJ, Hasbrouck Heights is considered as one of the inner-ring suburbs of New York City, and is only a short 8-minute drive to Manhattan. Bergen County is the most populous county in the state of New Jersey and their population size can be greatly attributed to their prime location.

Brad worked with Spencer Savings Bank to negotiate the following key terms:

  • 75% LTV
  • 25% Fixed for 5 Years
  • 30 Year Amortization
  • Non-Recourse

 

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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