$17.3 Million Refinance with $10 Million Cash Out
The 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 is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress
Tell us your commercial real estate financing goals and our team will be pleased to provide a complimentary strategy for your business.
Mid-Atlantic Real Estate Journal