Montclair, NJ – Brad Domenico secured $1,280,000 for a valued client to acquire a single-family home located at 25 Mulford Lane in Montclair, NJ.
The 2,966 SF property is a contemporary style home located on a residential street in the “estate section” of Montclair. Built in 1991, the 4-bedroom, 2.5 bath house features a finished basement, a fireplace, central vacuum, 2 decks and a New York City skyline view. The location is close to Bellevue Avenue which has many shops and restaurants.
Brad worked with Spencer Savings Bank to negotiate a fixed rate of 4.625% for 7 years with 30-year amortization and no prepay penalties. The loan represents a 75% loan to value ratio.
Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress