Hamilton, NJ – Brad Domenico, Partner of Progress Capital negotiated a $5,000,000 refinance loan secured by an apartment complex in Hamilton, NJ.
The property is comprised of three (3) adjacent brick walk-up apartment buildings with a total of (48) residential units with a net rental area totaling approximately 37,200 SF. The apartments feature spacious floor plans, updated kitchens and appliances, hardwood floors and ample closet space. The property also offers a courtyard area in the center of the three buildings and features a large on-site parking lot with (48) spaces available for tenants.
Brad arranged the loan with Spencer Savings Bank with the following key terms:
Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.
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