Closed Loans

$2,000,000 for East Orange Multi-Family Rehab

Progress Capital arranged $2,000,000 to refinance the existing debt and provide funds for continued renovations of two East Orange multi-family properties. The two properties total 20 units with 39 parking spaces. Since the buildings have significant vacancy and will undergo a renovation, flexible terms were a consideration in choosing a lending partner.  Loan terms include:

  • 10 Year Term
  • 4% Fixed for 5 Years
  • 12 Months Interest Only
  • Limited Recourse
  • 30 Year Amortization

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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