Closed Loans

$5.325 Million Secured for Union City, NJ Multifamily Property

Kathy Anderson negotiated $5,325,000 for a valued client to acquire a 3-story multifamily property consisting of 55 units located at 4501 Cottage Place in Union City, NJ.

Just a four-minute walk from the Hudson-Bergen Light Rail and the Bergenline Avenue Stop makes this hi-rise a walker’s paradise. Nearby parks include Schuetzen Park, Memorial Park and Columbia Park.

Kathy worked with Spencer Savings Bank to negotiate 4.325% Fixed for 5 Years, 75% LTV and 30 Year Amortization. The loan is 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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