Progress Capital Arranges $17 Million Acquisition Loan for Weehawken Apartment Complex
Brad Domenico of Progress Capital secured a $17,000,000 loan for Tuli Realty, for the purchase of ‘Hamilton House’ located at 700 JFK Blvd., situated in the heart of Weehawken.
The challenging lending environment coupled with the impact resulting from the COVID-19 crisis posed many uncertainties from all parties involved. For that reason, Brad worked closely with the borrower, attorneys and all third-party vendors to ensure an efficient and successful closing.
Both the buyer and seller were represented by Niko Nicolaou, Executive Vice President and Ken Uranowitz, President at Gebroe-Hammer Associates.
The property contains a recently updated 12-story building comprised of 100 luxury apartments. The unit types include studio, one-bedroom and two- bedroom, four of which are penthouses.
Tuli Realty is an independent real estate brokerage and real estate management company that has provided outstanding service and value to residents and clients for over three decades.
Progress Capital is a commercial real estate advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans. With over 30 years of experience, Progress continues to provide value to clients by securing the best financing options available in the market. We get you to the closing table…Plain and Simple.