Brad Domenico Secures $60,000,000 for Multifamily Portfolio in Hudson County
By: Progress Capital
Domenico secured a 4.14% rate fixed for 7-years based on a 30-year amortization with two years interest only. The non-recourse loan represents 80% of the subject properties total value. Financing was provided by John Darrow of RED Capital.
Hudson County is one of the fastest-growing counties in New Jersey due to its proximity to New York City. It has become a desired place to live for those who work in Manhattan, especially with the recent build-up of its largest city, Jersey City. As these towns and cities keep developing, we'll see more multifamily properties manifest and more people flock to these areas for lower cost of living as an alternative to Manhattan.
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. We get you to the closing table…Plain and Simple - #thatsPROGRESS
Gebroe-Hammer is the dominant multifamily focused investment sales brokerage firm through the New Jersey/Pennsylvania/
RED Capital is a preferred provider of targeted financial services in the multifamily, affordable and senior housing and healthcare markets. RED's national presence provides a solutions-oriented approach to their client's needs.
For more information visit us online at https://progresscapital.com/
Kim Bruno, Marketing Director at Progress Capital