Progress Capital Arranges $8,650,000 in Total Financing for Mountainside Industrial Building

Kathy Anderson secured a $3,750,000 in refinancing for the owner-occupied property located at 152 Glen Road in Mountainside, NJ.  Progress Capital also arranged a $4,900,000 self-liquidating loan and line of credit for the borrower some years ago, which was used to refinance the outstanding balance of the original acquisition mortgage loan on the building.  A portion of the funds were also used to buy-out the interest of a third partner.

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