Closed Loans

$4,600,000 Refinance Secured for Retail Property in East Hanover, NJ

Kathy Anderson arranged a $4,600,000 permanent mortgage loan for a valued client to refinance 4 single-story retail buildings located at 12-16 Littell Road in East Hanover, NJ.

The buildings are situated on three separate lots totaling 56,400 SF and contain 28 units collectively. The immediate surroundings of these properties include residential housing, retail stores, office buildings, and restaurants. The location also provides easy access to numerous commuting outlets such as Route 10, Route 24, I-287 and I-80.

Kathy worked with Metuchen Savings Bank to negotiate the following key terms:

  • 5% Fixed for 5 Years
  • 75% LTV
  • 25 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

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