Progress Capital Arranges $2.8 Million in Refinancing for Medical Office Facility in Englewood

David May and Evan Boles of Progress Capital secured $2,800,000 in refinancing for a 7,659 SF medical office center located at 180 Engle Street in Englewood, NJ.

Both David and Evan worked with Spencer Savings Bank, who provided the financing.

B.M.A Properties, LLC, owns and occupies the site with tenants Bergen Medical Associates and Bergen Medical Alliance which are subsidiaries of Englewood Health.  The prime location places the property on the same block as Englewood Hospital and Medical Center.

Englewood is a suburb of New York City located in Bergen County. The area offers an urban suburban mix feel filled with families and young professionals. Nearby conveniences feature an array of restaurants, coffee shops, and five parks including MacKay Park, Flat Rock Brook Nature Center and Teaneck Creek Conservancy.  Many colleges such as Fairleigh Dickinson University, Bergen Community College and Manhattan College are just a few miles away. La Guardia and other nearby airports include Newark Liberty International and Westchester County.

Since 1990, Progress Capital has closed over $40 Billion in commercial loans and $150 Million in directly funded bridge loans.  As a commercial real estate advisory firm, we can advise you on any real estate investment you are considering and provide the financing advice you need to manage through the commercial real estate acquisition and/or financing process.  We consistently get our clients to the closing table… plain and simple!