PROGRESS CAPITAL | Clifton, NJ – $1,312,500
16749
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Clifton, NJ – $1,312,500

Category
Retail
About This Project

$1,312,500 Secured for Acquisition of Clifton NNN Dollar General

 
Clifton, NJProgress 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:
 

  • Rate of 3.75%
  • 3-2-1 Prepayment Schedule
  • 3 Year Term
  • 25 Year Amortization

 
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

 


CONTINUED READING:


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