Mount Holly, NJ
This loan was for the development of 3 residential apartment buildings totaling 72 units. Mi Place at West Rancocas is a community of luxury apartments with extensive preferred amenities. The construction loan was for 24 months based on Prime. Upon stabilization, the loan will convert to a permanent mortgage.
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