Clifton, NJ – Progress Capital’s Brad Domenico negotiated a $1,312,500 commercial mortgage loan for a valued client to acquire the retail property located at 449 Lakeview Avenue in Clifton, NJ. The stand-alone building is 11,556 SF and subject to a 10 year triple net (NNN) lease with Dollar General.
This loan represents 78% of the subject’s purchase price of $1,750,000 and is accompanied by the following terms:
Progress Capital Advisors loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple… #thatsPROGRESS