Progress Capital Secures $14M Construction Loan For Self-Storage Facility In Boonton, NJ | Progress Capital brokers loan for $14,000,000 in Boonton | Columbia Bank | Caillin Boles, Kathy Anderson | Industrial | Loan

Summary

Loan

NEW JERSEY

Industrial

102,022 sqft

An industrial property located in Boonton, NJ with a square footage of 102,022 has undergone a closed transaction. The deal involved a construction loan from Columbia Bank amounting to $14,000,000. The loan was secured for the purpose of building a 740-unit self-storage facility.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $14,000,000
Market: Boonton, NJ
Asset Type: Industrial
Square Footage: 102,022
Lender: Columbia Bank
Brokers: Kathy Anderson & Caillin Boles - Progress Capital
Loan Type: Construction

Kathy Anderson and Caillin Boles from Progress Capital served as the brokers in this deal, representing the involved parties. This transaction marks the development of a 740-unit self-storage facility in Boonton, NJ, supported by a construction loan provided by Columbia Bank.

Players

All
4

Agents
2
Agencies
1
Lenders
1

$15.1M Sold

$99.2M Sold

Details

Deal Summary

FINANCED

IMAGE: Kathy Anderson & Caillin Boles DATE: 07/12/2022 MARKET: Boonton, NJ ASSET TYPE: Industrial ~ SF: 102,022 LENDER: Columbia Bank BROKERS: Kathy Anderson (@Money.Girl.Kathy) & Caillin Boles (@CBoles21) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $14,000,000 LOAN TYPE: Construction NOTE FROM BROKER: 740-unit Self-Storage Facility to-be-built

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AddressProgress Capital brokers loan for $14,000,000 in Boonton

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