$2 Million Refinance Secured for Jersey City Multifamily Property

Brad Domenico arranged $2,000,000 to refinance a multifamily building located at 9 Bentley Avenue in Jersey City.

The four-story apartment complex consists of 17 residential units and is located in the McGinley Square neighborhood of the West Side Hudson area. The property is close to many coffee shops and restaurants, along with various colleges, parks and recreation.  Public transportation and Newark Liberty International Airport are also in close proximity.

Brad worked with Red Capital Markets LLC to negotiate the following key terms:

• 47% Fixed for 5 Years
• 80% LTV
• 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