$11.1 Million Arranged for Multifamily Property

Progress Capital arranged a $10 Million permanent loan on a multi-family garden-style apartment comprised of eight, two-story buildings containing 104 units. Additionally, the valued client was provided with a $1.1 Million mezzanine loan that was directly funded by Progress Direct, the lending platform of Progress Capital.

The small town of Atlantic Highlands overlooks Lower New York Bay, with Manhattan in the distance. Visitors will find First Class restaurants, 5-plex cinema and live stage theaters, hotel, retail, gift, boutique, collectible stores.

With continuing efforts to link its business district with the waterfront and harbor, support restoration and renovation of existing business properties for commercial use, and maximize its entertainment district, this shore town continues to thrive.

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