$7,250,000 Jersey City Refinance Nets $2,200,000 Cash-Out to Borrower
Brad Domenico of Progress Capital Advisors Arranged Financing
By: Progress Capital Advisors
The borrower sought to a) lock in a lower long-term rate and b) recapture equity to fund future commercial real estate transactions. Domenico was able to secure a 75% LTVallowing the borrower to net $2,200,000 cash out.
Additional Key terms of this loan include:
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
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Page Updated Last on: Aug 18, 2017