$4,250,000 Refinance Arranged for Multifamily Property
Brad Domenico, Partner of Progress Capital Advisors arranged $4,250,000 in financing for two conjoined multifamily buildings located in Washington, NJ. The subject property includes (45) residential apartment units and a large on-site parking lot with (75) surface parking spaces available for tenants.
The property also offers a park like setting with a large lawn area. The apartments are conveniently located near downtown Washington within walking distance to a variety of retail stores, restaurants, department stores, banking institutions, parks and more.
Brad negotiated the loan to include the following terms:
- 80% LTV
- 10 Year Term
- 30 Year Amortization
- 4% Interest Rate fixed for 5 years
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