PROGRESS CAPITAL | Hamburg, NJ – $1,100,000
19005
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Hamburg, NJ – $1,100,000

Category
Multi-Family
About This Project

$1.1 Million Secured for Hamburg, NJ Multifamily Property

 

Hamburg, NJ – Brad Domenico negotiated a $1,100,000 Non-Recourse loan for a valued client to acquire a multifamily building located at 62 King Cole Road in Hamburg, NJ.

 

The property is a condo townhome row home style co-op building built in 1960. The 12,000 SF, 2-story building consists of (14) 2-bedroom, 1-bath residential units with basements. The property is located just off Route 23 and is within 1 mile of various restaurants, shops and other amenities.

 

Brad worked with Northfield Bank to negotiate the following key terms:

  • 4.35% Fixed for 5 Years
  • 75% LTV
  • 30 Year Amortization

 

Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.

 

We Get You to the Closing Table… Plain and Simple