Brad Domenico Arranges $5,000,000 To Refinance Hamilton, NJ Apartment Complex
Brad Domenico, Partner of Progress Capital negotiated a $5,000,000 refinance loan secured by an apartment complex in Hamilton, NJ.
The property is comprised of three (3) adjacent brick walk-up apartment buildings with a total of (48) residential units with a net rental area totaling approximately 37,200 SF. The apartments feature spacious floor plans, updated kitchens and appliances, hardwood floors and ample closet space. The property also offers a courtyard area in the center of the three buildings and features a large on-site parking lot with (48) spaces available for tenants.
Brad arranged the loan with Spencer Savings Bank with the following key terms:
- 4.4% Fixed for 5 years
- 10 Year Term with 5 Year Rate Reset
- 30 Year Amortization
- Step Down Prepay
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