Closed Loans

4% Fixed with Zero Pre-Pay for Elizabeth Rental Properties

Progress Capital secured $950,000 in permanent financing on three single family and one three-family investment properties located in Elizabeth, NJ.  The loan proceeds will be used to pay off the existing mortgages of two properties, while providing the borrower an additional $400,000 to cash out and expand his real estate portfolio by acquiring under-performing assets in need of renovation.  Key loan terms include:

  • 4% Fixed for 5 Years
  • 15 Year Term
  • 25 Year Amortization
  • No Prepayment Penalty

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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