Novus Union, LLC purchased two adjacent professional buildings containing a combined total of 72,975 sf. Progress Capital arranged a 5 year fixed rate loan to finance 75% of the acquisition price that included an arrangement to burn off the recourse and earn out an additional $1,000,000 upon stabilization.
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