Passaic, NJ – Kathy Anderson, Founding Partner at Progress Capital secured $5,350,000 to refinance a 2-building, 4-story multifamily property located at 201 Market Street and 40 Morris Street in Passaic, NJ.
The units are mid-rise apartment buildings that were built in 2008 and 2012. They contain 56 dwelling units that are roughly 52,550 SF and sit on a 1.13-acre parcel of land.
Kathy worked with Red Capital Markets LLC to negotiate the following key terms:
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