PROGRESS CAPITAL | Union City, NJ – $5,325,000
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Union City, NJ – $5,325,000

About This Project

$5.325 Million Secured for Union City, NJ Multifamily Property


Union City, NJ – Kathy Anderson negotiated $5,325,000 for a valued client to acquire a 3-story multifamily property consisting of 55 units located at 4501 Cottage Place in Union City, NJ.


Just a four-minute walk from the Hudson-Bergen Light Rail and the Bergenline Avenue Stop makes this

hi-rise a walker’s paradise. Nearby parks include Schuetzen Park, Memorial Park and Columbia Park.


Kathy worked with Spencer Savings Bank to negotiate 4.325% Fixed for 5 Years, 75% LTV and 30 Year Amortization. The loan is non-recourse.


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.


We get you to the closing table…Plain and Simple. #thatsprogress