Progress Capital Arranged $3.8M Refinance for NJ Retail Strip
Frank Stanislaski and Jack Subers of Progress Capital secured $3,800,000 in refinancing for a 25,000+ s/f CVS & Dollar General anchored shopping center located at along Wood Avenue in Linden, NJ.
Built in 1937, the historically significant property was family-owned since the 1940s and was previously occupied by Woolworths. CVS has occupied the anchor position for more than 20 years. Other national tenants include Verizon Wireless and Rent-A-Center.
Located on a heavily-trafficked downtown corner across from Linden City Hall, the property encompasses an entire city block and has rear on-site parking for 51 cars. New Jersey Transit Linden Train Station is only three blocks away and just a few miles from the Garden State Parkway, I-95 and Routes 1 & 9.
Progress Capital is a commercial real estate mortgage advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans. For over 30 years, the firm has been arranging debt financing for commercial real estate owners and developers, while providing Honest Advice and Expert Execution in order to help clients get to the closing table.