Closed Loan Announcement $5 Million Line of Credit
NEW YORK, NY – Progress Capital client, Dino Tomassetti approached Kathy Anderson to source a line of credit for his heavy construction company, Laquila Group.
Laquila is most noted for some of the highest profile work in Manhattan such as the Barclay’s Center, One World Trade Center, Goldman Sachs Headquarters, the MOMA expansion and 425 Park Avenue which is under construction.
Unsecured lines are extremely difficult to arrange, especially in the construction industry. After careful negotiations, Kathy successfully secured a $5 Million business line of credit through a national bank with offices in Manhattan.
Progress Capital is frequently consulted on Commercial Real Estate financing needs where expertise, knowledge and attention to special circumstances will result in bridging the conventional capital gap.
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