$930,000 Bridge Loan Secured for Pillars Prep Academy
Kathy Anderson, Founding Partner of Progress Capital secured a $930,000 bridge loan for a 58,000 SF building currently occupied by Pillars Prep Academy. The loan proceeds will be used to complete renovations and acquire furnishings for a dormitory at the school. Kathy negotiated a loan term of fifteen (15) months with a fixed annual rate of twelve (12%) percent interest-only.
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