$2.1 Million Secured for Multifamily Property in Irvington, NJ
Brad Domenico arranged $2,100,000 in financing for a valued client to acquire a multifamily property located at 999 Stuyvesant Avenue in Irvington, NJ.
This apartment community was built in 1927 and consists of 4 stories and 32 units. It has since been updated so that residents can experience a stylish living setting within Irvington’s 07111 area. The location is within walking distance of supermarkets, restaurants and more.
Irvington presents an active and bustling community in a diverse setting. The neighborhood houses a great number of community-oriented businesses, including pubs and independently owned specialty shops. Although a dominantly urban atmosphere, Irvington still provides plenty of excitement and outlets for adventure with its close proximity to several neighboring towns, including Newark. Irvington lies about 66 miles north of the center of New Jersey.
Brad worked with Red Capital to negotiate an 80% LTV with 2 Years Interest-Only.
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