$4.5 Million Land and Pre-Development Bridge Loan
Brad Domenico of Progress Capital secured a $4,500,000 bridge loan to fund a partnership buy-out and pre-development costs for a phased project which will include 232 multi-family units, 42,180 SF of ground level retail and 422 parking spaces. The bridge loan will be replaced with construction financing for the project once the approvals are finalized.
- 10% Fixed Rate
- Interest Only
- 12 Month Term
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