Closed Loans

20 Year Fixed Rate for Rite Aid in Lavallette, NJ

Kathy Anderson of Progress Capital secured a $2,600,000 commercial loan for a valued client who used the $1,800,000 cash out to fund other CRE acquisitions. The property is subject to a 20 Year NNN lease to Rite Aid with 7 years remaining on the primary term.  Terms of this loan include:

  • 20 Year Fixed Rate with Resets
  • Forward Rate Lock
  • Swap Breakage Prepay
  • 30 Year Amortization
  • 30 Year Term
  • 75% LTV

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

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