PROGRESS CAPITAL | Parsippany, NJ – $1,764,000
18564
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Parsippany, NJ – $1,764,000

Category
Retail
About This Project

$1,764,000 Secured for Retail Property in Parsippany, NJ

 

Parsippany, NJ – Kathy Anderson, Founding Partner at Progress Capital, negotiated a $1,764,000 acquisition loan for a retail property located at 280 Route 46 in Parsippany, NJ.  The building is 17,377 SF with 85 parking spaces. The plaza offers an ideal destination location right at the junction of Routes 280 and 80, as well as being just minutes away from Route 287, and Route 202, making it accessible to a wide market.

 

Kathy worked with Columbia Bank to negotiate the following key terms:

  • 4.5% Fixed for 5 Years
  • 25 Year Amortization
  • 70% LTV

 

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