Progress Capital Negotiates Purchase and Financing of Georgia STNL Property

A high-net worth client reached out to Progress Capital to expand his commercial real estate portfolio.

·         Acquisition Amount: $1,800,000

·         Loan Amount: $1,350,000

·         Loan to Value: 75%

·         Amortization: 25 years – 10.5% annual ROI

Progress Capital was able to locate an Advanced Auto Parts and negotiate the acquisition for the client’s STNL Portfolio. The store exceeds national sales averages, has 6+ years on the initial term and three 6 year extensions.

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