PROGRESS CAPITAL | $4,250,000 – Washington, NJ
18211
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$4,250,000 – Washington, NJ

Category
Multi-Family
About This Project

$4,250,000 Refinance Arranged for Multifamily Property

 

Washington, NJ – Brad Domenico, Partner of Progress Capital Advisors arranged $4,250,000 in financing for the two conjoined multifamily buildings located in Washington, NJ. The subject property includes (45) residential apartment units and a large on-site parking lot with (75) surface parking spaces available for tenants.

 

The property also offers a park like setting with a large lawn area. The apartments are conveniently located near downtown Washington within walking distance to a variety of retail stores, restaurants, department stores, banking institutions, parks and more.

 

Brad negotiated the loan to include the following terms:

  • 80% LTV
  • 10 Year Term
  • 30 Year Amortization
  • 4% Interest Rate fixed for 5 years

 

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. #thatsPROGRESS