PROGRESS CAPITAL | Brad Domenico arranges $4.5 Million Land and Pre-Development Bridge Loan for Hightstown Property to Replace Vacant Former Rug Mill Factory
Hightstown, NJ – Brad Domenico of Progress Capital Advisors secured a $4,500,000 bridge loan to fund a partnership buy-out and pre-development costs for a phased project which will include 232 multi-family units, 42,180 SF of ground level retail and 422 parking spaces. The bridge loan will be replaced with construction financing for the project once the approvals are finalized.
Brad domenico progress capital advisors commercial mortgage financing predevelopment bridge loan real estate new jersey
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Hightstown, NJ – $4,500,000

Category
Construction, Multi-Family, Retail
About This Project

 

$4.5 Million Land and Pre-Development Bridge Loan

 

Hightstown, NJ – Brad Domenico of Progress Capital Advisors secured a $4,500,000 bridge loan to fund a partnership buy-out and pre-development costs for a phased project which will include 232 multi-family units, 42,180 SF of ground level retail and 422 parking spaces. The bridge loan will be replaced with construction financing for the project once the approvals are finalized.

 

  • $4,500,000  
  • 10% Fixed Rate
  • Interest Only
  • 12 Month Term

 

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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