PROGRESS CAPITAL | Montclair, NJ – $1,280,000
19210
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Montclair, NJ – $1,280,000

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Representative
About This Project

$1.28 Million Secured for Acquisition of Montclair, NJ Single-Family Home

 

Montclair, NJBrad 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