PROGRESS CAPITAL | Old Bridge, NJ – $3,300,000
18408
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Old Bridge, NJ – $3,300,000

Category
Industrial
About This Project

$3.3 Million SBA 504 Acquisition Loan Arranged for Truck Dealership Expansion

 

Old Bridge, NJ – Progress Capital secured a $3,300,000 SBA 504 loan for Phoenix Truxx, an auto dealership specializing in the sale of high end trucks and parts.  The 37,000 SF building on 2+ acres of land is located on Bordentown Avenue in Old Bridge, NJ.  Brit Zamoyta, Eli Samaan and Brett Fontinelli managed the loan process on behalf of the Borrower.  This loan allows the Borrower to expand and grow their existing business in South Amboy, NJ.

 

Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.

 

We Get You to the Closing Table – Plain and Simple – #thatsPROGRESS.