Closed Loans

4.55% Fixed for 7 Years on NNN Acquisition

Kathy Anderson of Progress Capital arranged $718,000 in financing for a valued client to acquire a newly constructed 2,405 SF single tenant net lease retail property in Lafayette, NJ. The property is subject to a remaining 10 year lease term with Visionworks U.S.A. Inc, with the option to extend.

Additional key terms of this loan include:

  • 4.55% Fixed for 7 Years
  • 7 Year Term
  • 25 Year Amortization
  • No Prepayment Penalty
  • 68% LTC

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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