PROGRESS CAPITAL | $17.3 Million Refinance with $10 Million Cash Out
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$17.3 Million Refinance with $10 Million Cash Out

$17.3 Million Refinance with $10 Million Cash Out

19:28 26 February in News & Talk

DD.RiteAidThe team at Progress Capital led by President, Kathy Anderson, arranged the refinance of a commercial real estate portfolio with challenging conditions:

  • Close in 60 Days
  • Capture 60% Cash Out
  • 20 Year Fixed Rate/25 Year Amortization
  • Forward Rate Lock

Already having knowledge of the client with financials on file along with immediate access and trusted relationships with the appropriate lenders, Kathy Anderson was able to refinance five of the client’s real estate assets, totaling $17.3 Million.

Properties included Rite Aid and Dunkin’ Donuts locations as well as a $2 Million business line of credit.

Progress Capital loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple.

Tell us your commercial real estate financing goals and our team will be pleased to provide a complimentary strategy for your business.

See the full article in the Mid-Atlantic Real Estate Journal