This loan is secured by a 105,910 sf commercial warehouse building that is partially owner-occupied by Lotito Foods, Inc., fine importers of all types of hard aged cheeses. Progress was able to carry out the borrower’s request for a 15 year self-liquidating mortgage and successfully close at a very attractive rate.
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