PROGRESS CAPITAL | Jersey City, NJ – $2,000,000
18840
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Jersey City, NJ – $2,000,000

Category
Multi-Family
About This Project

$2 Million Refinance Secured for Jersey City Multifamily Property

 

Jersey City, NJ – Brad Domenico arranged $2,000,000 to refinance a multifamily building located at 9 Bentley Avenue in Jersey City.

 

The four-story apartment complex consists of 17 residential units and is located in the McGinley Square neighborhood of the West Side Hudson area. The property is close to many coffee shops and restaurants, along with various colleges, parks and recreation.  Public transportation and Newark Liberty International Airport are also in close proximity.

 

Brad worked with Red Capital Markets LLC to negotiate the following key terms:

 

  • 4.47% Fixed for 5 Years
  • 80% LTV
  • 30 Year Amortization
  • Non-Recourse

 

Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners 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