$1.1 Million Refinancing Loan Arranged for Office Center in Texas
John Libretti of Progress Capital secured a $1,100,000 loan for his client to refinance an office/retail strip center located at 2206 & 2208 W. Park Row., Pantego, TX.
John worked with Third Coast Bank, who provided the loan proceeds accompanied by favorable terms.
The 23,040 SF property is comprised of two, 1-story buildings consisting of 10-units in total. The owner occupies one of the units, while the rest remain leased to a mixture of medical/office and retail tenants. The strip center is located on the busy Park Row Drive of Tarrant County in the heart of Arlington, TX.
Since 1990, Progress Capital has closed over $40 Billion in commercial loans and $150 Million in directly funded bridge loans. As a commercial real estate advisory firm, we can advise you on any real estate investment you are considering and provide the financing advice you need to manage through the commercial real estate acquisition and/or financing process. We consistently get our clients to the closing table… plain and simple!