PROGRESS CAPITAL | Livingston, NJ – $5,000,000
18314
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Livingston, NJ – $5,000,000

Category
Industrial
About This Project

$5 Million Refinance Arranged for Industrial Property in Livingston, NJ

 

Livingston, NJ – Kathy Anderson, Founding Partner of Progress Capital negotiated a $5,000,000 permanent mortgage loan secured by a newly constructed single-story 41,250 SF warehouse/flex building.

 

This Livingston, NJ property located on Industrial Parkway, features flex units that include a reception/office area as well as a roll-up drive-in door providing access to the remainder of the unit.  The building is perfect for small businesses or, for larger businesses, units can easily be combined.

 

Kathy worked with Spencer Savings Bank to achieve the following key terms:

  • 7-year fixed rate of 4.625% with 5 year reset
  • 30 Year Amortization
  • 75% LTV
  • 4-3-2-1-1-1-1 prepay
  • Cash out for future reinvestment

 

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.