Englewood, NJ – Brad Domenico, Managing Partner of Progress Capital, secured $2,735,000 to refinance a 13,860 SF, four-story brick building consisting of 12 residential units and 2,950 square feet of commercial space in Englewood, NJ. The loan represents an 80% LTV value.
Brad worked with Red Capital Markets, LLC to achieve the following key terms:
Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and residential developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.
RED Capital is a preferred provider of targeted financial services in the multifamily, affordable and senior housing and healthcare markets. RED’s national presence provides a solutions-oriented approach to their client’s needs.