Progress Capital Arranges Refi for Lincoln Building in Ridgewood, NJ

The owner of the iconic Lincoln Building located at 45 N. Broad Street, Ridgewood, NJ received $6,500,000 in refinance proceeds arranged by Brian Anderson, of Progress Capital.

This historic office building is located directly adjacent to the NJ Transit Station and is the tallest building in Ridgewood.  The property is comprised of five floors totaling 22,500 square feet and is anchored by Serendipity Labs who occupies 9,965 square feet.

Situated in Bergen County, Ridgewood is home to one of the state’s most affluent and vibrant downtown communities and has been ranked by CNN as the 12th highest earning town in the United States.  With a distance of just 20 miles north of Manhattan, makes this location a commuter’s delight.

As a leading commercial mortgage broker in New Jersey, Progress Capital has closed over $40 Billion in commercial loans and $150 Million in directly funded bridge loans.  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.