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Follow on Google News | $4,270,000 Arranged for Paterson NJ Student Housing AcquisitionBrad Domenico of Progress Capital Advisors Arranges Financing for Acquisition of NY Medical Colleged Leased Student Housing Facility
By: Progess Capital Advisors The subject property, a newly constructed six story building with 14 studios and 28 one-bedroom apartments, is currently master leased to New York Medical College on a 15-year term. Additional terms of this loan include: • 3.83% Rate Fixed for 5 Years • 10 Year Term • 30 Year Amortization • 70% Loan to Purchase Price • 3-2-2-1-0 • Non-Recourse Progress Capital Advisors loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple. #thatsPROGRESS https://www.progresscapitaladvisors.com End
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