Closed Loans

$9.6 Million for Hoboken Multi-Family

When a valued client and his partners reached out to refinance four of his Hoboken MF properties, Kathy Anderson of Progress Capital was able to recommend a Freddie Mac SBL program that provided several benefits such as:

  • Unlimited Cash Out
  • 10 Yr Fixed Rate converting to 6 month LIBOR floater
  • 3 Years Interest Only
  • 20 Year Term / 30 Year Amortization
  • Lifetime Rate Cap
  • Declining Prepay
  • Capped Closing Costs

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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