$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
