PROGRESS CAPITAL | Newark, NJ – $1,400,000
18934
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Newark, NJ – $1,400,000

Category
Multi-Family
About This Project

$1.4 Million Secured for Refinance of Newark, NJ Multifamily Building

 

Newark, NJ– Brad Domenico negotiated $1,400,000 for a valued client to refinance a four-story multifamily building located at 265-269 Stuyvesant Avenue in Newark, NJ.

 

The property contains 18 units, 16,800 SF of gross building area and is located within a five-minute drive of Seton Hall University and minutes from Downtown Newark, the Garden State parkway, Route 21 and Route 280.

 

Brad worked with Red Capital to provide the following key terms:

  • Non-Recourse
  • 30 Year Amortization
  • 65% LTV

 

Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.