$9M Construction to Perm Loan for Mixed-Use Building

Progress Capital arranged a construction loan for the development of a 4-story mixed-use building comprised of 44 apartments and 20,000 SF of retail and professional space. The loan was arranged by Kathy Anderson who structured a 12 month construction period followed by a permanent conversion option.

Jerry Cernero, the founder of Jerald Development Group, is an award winning developer with deep roots along the Jersey Shore. “Kathy Anderson and the Progress team arranged this extremely important capital for me and did it quite quickly. I am very thankful for their assistance and support,” said Jerry Cernero.

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