PROGRESS CAPITAL | Englewood, NJ – $2,735,000
18525
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Englewood, NJ – $2,735,000

Category
Multi-Family, Retail
About This Project

$2.7 Million Refinance Arranged for Mixed-Use Property in Englewood, NJ

 

Englewood, NJBrad 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.

 

Brad worked with Red Capital Markets to achieve the following key terms:

  • 4.60% Fixed for 5 Years
  • 20 Year Term
  • 30 Year Amortization
  • Non-Recourse

 

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, we will get you to the closing…plain and simple#thatsPROGRESS

 

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.