PROGRESS CAPITAL | Flemington, NJ – $24,000,000
14245
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Flemington, NJ – $24,000,000

Category
Multi-Family
About This Project

$24 Million – 85% LTV for Multi-Family

Brad Domenico, Managing Director led the Progress Capital team in arranging a $24 Million refinance at 85% Loan to Value for a 15 building, 180 unit garden-style apartment complex in Flemington, New Jersey.
 
The permanent loan carries an interest rate of 3.625% at a term of 10 years based on a 30 year amortization which has generated increased cash flow and provided the client the ability to recapture equity for future investment opportunities.
 
Progress Capital 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 get you to the closing table…plain and simple.