PROGRESS CAPITAL | East Hanover, NJ – $4,600,000
portfolio_page-template-default,single,single-portfolio_page,postid-18768,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-2.7,wpb-js-composer js-comp-ver-5.4.7,vc_responsive

East Hanover, NJ – $4,600,000

About This Project

$4,600,000 Refinance Secured for Retail Property in East Hanover, NJ


East Hanover, NJ – Kathy Anderson arranged a $4,600,000 permanent mortgage loan for a valued client to refinance 4 single-story retail buildings located at 12-16 Littell Road in East Hanover, NJ.


The buildings are situated on three separate lots totaling 56,400 SF and contain 28 units collectively. The immediate surroundings of these properties include residential housing, retail stores, office buildings, and restaurants. The location also provides easy access to numerous commuting outlets such as Route 10, Route 24, I-287 and I-80.


Kathy worked with Metuchen Savings Bank to negotiate the following key terms:

  • 4.5% Fixed for 5 Years
  • 75% LTV
  • 25 Year Amortization


Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million, we will get you to the closing…plain and simple…#thatsPROGRESS