REBusinessOnline

Progress Capital Secures $21M Refinancing for Multifamily Portfolio in Jersey City

Progress Capital has secured a $21 million loan to refinance 11 properties in Jersey City.

JERSEY CITY, N.J. — Progress Capital has secured a $21 million loan to refinance an 11-property multifamily portfolio in Jersey City. The 11 properties are located across the city. Kathy Anderson of Progress Capital secured the financing on behalf of the undisclosed borrower. The non-recourse loan includes a 20-year term with a 30-year amortization schedule. The lender was undisclosed.

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