PROGRESS CAPITAL | Brad Domenico Arranges $29 Million -- 80% LTV for Family Owned and Operated MF Propertyn Hardyston NJ
Brad Domenico of Progress Capital Advisors arranged $29,000,000 in financing for a 240 unit MF property in the suburban submarket of Hardyston, NJ. The property is family owned and operated for over 25 years and the borrower was able to lock in a market rate while achieving a $5 Million cash out.
hardyston, brad domenico, commercial financing, commercial mortgage, real estate new jersey, real estate nj, commercial loans
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Hardyston, NJ – $29,000,000

Category
Multi-Family
About This Project

 

$29 Million — 80% LTV for Family Owned and Operated MF Property

 

Brad Domenico of Progress Capital Advisors arranged $29,000,000 in financing for a 240 unit MF property in the suburban submarket of Hardyston, NJ.  The property is family owned and operated for over 25 years and the borrower was able to lock in a market rate while achieving a $5 Million cash out.   
 
The loan included the following terms:
 

  • 80% LTV
  • 10 Year Term / 30 Year Amortization
  • Declining Prepay

 

Progress Capital Advisors 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 will get you to the closing table … plain and simple  – #thatsPROGRESS
 
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