PROGRESS CAPITAL | Essex County, NJ – $60,000,000
18063
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Essex County, NJ – $60,000,000

Category
Multi-Family, Office, Retail
About This Project

Brad Domenico Packages $60,000,000 in 26 CRE Loans

 
Essex County, NJ – Brad Domenico, Partner at Progress Capital, negotiated the amount and terms of 26 commercial real estate loans for a client to refinance 18 mixed-use properties and acquire 8 additional retail assets throughout Essex, Union and Bergen Counties. The subject properties are predominantly retail buildings with ground level commercial spaces and include a mix of office and residential tenants above. A total of xxx rent-able residential untis.
 
The loans are all non-recourse with a declining pre-pay schedule. Terms of the loans vary based on a 30 year amortization. The loans represent a 78% LTV and include a minimum of a 5-year fixed rate at an average of 4.25% – 4.5%.
 
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 deployed over $150 Million through their direct lending platform.
 
We Get You to the Closing Table – Plain and Simple – #thatsPROGRESS.


CONTINUED READING:


 

View Press Release
 
Read Article at The Real Deal
 
Read on Real Estate Business Online
 
Read Story on MultifamilyBiz.com
 
View Article at ABLadvisor.com
 
Read at Spoke.com
 
Read Story at New York Latino News
 
Additional Coverage At REBusinesOnline.com
 
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$15,000,000 Line of Credit Arranged for NJ Multifamily Acquisitions
 
$2,300,000 Funded by Progress Direct for Acquisition of Vacant Jersey City Gas Station
 
$36 Million Negotiated in Refinance of Two NY Storage Fox Facilities
 
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