$4.1 Million Financing for a Jersey Shore MF Complex
Progress Capital was retained by a client to refinance their five-story MF building in order to unlock equity in order to diversify and expand their real estate investment portfolio. The Borrower is a seasoned real estate investor, builder and developer with extensive experience in both the single-family and multi-family market sector.
David arranged the following:
- $4.1 Million loan providing a $2.9 Million Cash Out to the Borrower
- 4% fixed for 10 years
- 25 Year Term / 30 Year Amortization
- 3-3-2-2-1-0 prepay
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