Progress Capital Arranges $23MM Construction Loan for New Self-Storage Facility in Hudson County, NJ
Kathy Anderson of Progress Capital secured a $23,000,000 construction loan for the development of a 135,000 SQFT Self-Storage facility to be built in North Bergen, NJ.
Columbia Bank provided a 36-month construction term to allow for completion and stabilization, including a permanent option, giving the borrow flexibility.
The new facility will feature a retail store, on-site parking and a covered loading area. The property offers great visibility and will benefit the densely populated area by fulfilling a need for self-storage facilities within the community.
As a commercial real estate advisory firm, Progress Capital 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.
With over $40 Billion in commercial loans and $150 Million in directly funded bridge loans, CLOSING IS THE POWER OF PROGRESS.