Progress Capital Secures $60M Acquisition Loan for Multifamily Portfolio in New Jersey

HUDSON COUNTY, N.J. — Progress Capital has secured a $60 million acquisition loan for an 18-property multifamily portfolio in Hudson County. The undisclosed borrower acquired the portfolio for $75 million. Brad Domenico of Progress Capital arranged the seven-year loan, which featured a fixed 4.14 percent interest rate, 30-year amortization schedule and two years of interest-only payments. The lender was undisclosed. 

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News