Progress Capital arranges refinancing for Newark multifamily

Elana Knopp//July 20, 2018//

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Progress Capital Partner Brad Domenico has arranged a million non-recourse permanent mortgage of more than $4.8 million for a client to refinance their multifamily property in Newark’s Weequahic neighborhood.Progress Capital Partner Brad Domenico has arranged a million non-recourse permanent mortgage of more than $4.8 million for a client to refinance their multifamily property in Newark’s Weequahic neighborhood.

The property is a six-story brick elevator building with 58 residential units. Acquired in 2016, the building has undergone a series of capital improvements.