$12.2 Million arranged for Gloucester, NJ Construction Loan

Kathy Anderson, Founding Partner of Progress Capital, secured a $12,200,000 construction loan for a valued client, Cyzner Properties, to rehabilitate and renovate River Point Apartments. The complex consists of 11 separate garden-style buildings and is comprised of 143 residential units.

Notable terms:

• Prime + 1.0% floating Interest Rate
• 24 month I/O Period with (2) 6-month extensions
• No exit fee

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