PROGRESS CAPITAL | Kathy Anderson arranges $9.6 Million for Hoboken New Jersey Multi-Family Commercial Real Estate Property
When Dean Geibel and his partners reached out to refinance four of his Hoboken MF properties, Kathy Anderson of Progress Capital Advisors was able to recommend a Freddie Mac SBL program that provided several benefits such as: Unlimited Cash Out 10 Yr Fixed Rate converting to 6 month LIBOR floater 3 Years Interest Only 20 Year Term / 30 Year Amortization Lifetime Rate Cap Declining Prepay Capped Closing Costs
hoboken new jersey commercial real estate financing new york kathy anderson multi-family property
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Hoboken, NJ – $9,600,000

Category
Multi-Family
About This Project

 

$9.6 Million for Hoboken Multi-Family

 

When Dean Geibel and his partners reached out to refinance four of his Hoboken MF properties, Kathy Anderson of Progress Capital Advisors was able to recommend a Freddie Mac SBL program that provided several benefits such as:

 

  • Unlimited Cash Out
  • 10 Yr Fixed Rate converting to 6 month LIBOR floater
  • 3 Years Interest Only
  • 20 Year Term / 30 Year Amortization
  • Lifetime Rate Cap
  • Declining Prepay
  • Capped Closing Costs

 

Progress Capital 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