Closed Loans

Paterson Apartment Building Nabs 2.89% Fixed Rate on $4.5 Million Loan

Paterson, NJKathy Anderson arranged $4.5 Million in refinancing for a multifamily building located at 288 Rosa Parks Boulevard, Paterson, NJ.

The property consists of a 5-story walk up apartment building known as Greenhill Village Apartments comprised of 62 residential units ranging from studios to 4 bedrooms. The building’s amenities include an on-site super, laundry room, fitness gym, access to Community Hall for special events, security cameras and front door public transportation service. Situated in the Wrigley Park neighborhood of Passaic County, this area has seen significant gentrification and is considered a desirable location for its rural tranquility. Shopping and dining options within the county provide plenty of opportunity for entertainment, while green spaces and public parks afford fitness enthusiasts and nature lovers convenient access to trails, lakes and panoramic mountain views.

• $4,500,000 Refinance
• Lender – Lakeland Bank
• 2.89% Fixed for 10 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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