$2.7 Million Refinance Arranged for Mixed-Use Property in Englewood, NJ
Brad Domenico, Partner of Progress Capital, secured $2,735,000 to refinance a 13,860 SF, four-story brick building consisting of 12 residential units and 2,950 square feet of commercial space in Englewood, NJ. The loan represents an 80% LTV.
Brad worked with Red Capital Markets to achieve the following key terms:
- 60% Fixed for 5 Years
- 20 Year Term
- 30 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