$10 Million – 4% Fixed for 15 Years
Progress Capital arranged a $10,000,000 refinance of two community retail centers. Kathy Anderson structured the transaction and closed the deal at 4% Fixed for 15 years based on a 15 year amortization.
The first property is located in Quakertown, PA. The 83,000 sf leasable shopping center also includes a PAD site improved by a bank branch building plus another PAD site suitable for future development.
This second property is a 45,000 sf retail strip with one available PAD site and is located in Old Bridge, NJ.
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