PROGRESS CAPITAL | Hasbrouck Heights, NJ – $2,100,000
18991
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Hasbrouck Heights, NJ – $2,100,000

Category
Multi-Family
About This Project

$2.1 Million Refinance Arranged for Hasbrouck Heights Multifamily Property

 

Hasbrouck Heights, NJ – Brad Domenico negotiated $2,100,000 for the refinance of a 2-story multifamily building located at 294-308 Terrace Avenue in Hasbrouck Heights, NJ.

 

The property is comprised of 16 residential apartments and offers a large on-site parking lot in the rear of the building. It is conveniently located within walking distance to the bustling downtown area and close to I-80, Teterboro Airport and Teterboro Train station for easy transportation access.

 

Located in Bergen County, NJ, Hasbrouck Heights is considered as one of the inner-ring suburbs of New York City, and is only a short 8-minute drive to Manhattan. Bergen County is the most populous county in the state of New Jersey and their population size can be greatly attributed to their prime location.

 

Brad worked with Spencer Savings Bank to negotiate the following key terms:

  • 75% LTV
  • 4.25% Fixed for 5 Years
  • 30 Year Amortization
  • Non-Recourse

 

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.

 

We get you to the closing table…Plain and Simple. #thatsprogress