PROGRESS CAPITAL | 4% Fixed with Zero Pre-Pay for Elizabeth Rental Properties
4% Fixed with Zero Pre-Pay for Elizabeth Rental Properties Elizabeth, NJ - David Cappello of Progress Capital Advisors secured $950,000 in permanent financing on three single family and one three-family investment properties located in Elizabeth, NJ. The loan proceeds will be used to pay off the existing mortgages of two properties, while providing the borrower an additional $400,000 to cash out and expand his real estate portfolio by acquiring under-performing assets in need of renovation. Key loan terms include:
Commercial mortgage financing loans new jersey new york finance elizabeth NJ portfolio multi-family multifamily
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Elizabeth, NJ – $950,000

Category
Multi-Family
About This Project

 

4% Fixed with Zero Pre-Pay for Elizabeth Rental Properties

 

Elizabeth, NJ – David Cappello of Progress Capital Advisors secured $950,000 in permanent financing on three single family and one three-family investment properties located in Elizabeth, NJ.  The loan proceeds will be used to pay off the existing mortgages of two properties, while providing the borrower an additional $400,000 to cash out and expand his real estate portfolio by acquiring under-performing assets in need of renovation.  Key loan terms include:

 

  • 4% Fixed for 5 Years
  • 15 Year Term
  • 25 Year Amortization
  • No Prepayment Penalty

 

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